U.S. Secretary of Defense Hegseth's broker hopes to purchase defense funds before the Iran attack.

K-LinePoet · 2026-04-05T14:29:48+00:00

The UK Financial Times on Monday cited three individuals familiar with the matter as saying that a broker for U.S. Secretary of Defense Lloyd Austin attempted to make large investments in major defense companies in the weeks leading up to the U.S.-Israel attack on Iran. The report also stated that Austin's Morgan Stanley broker contacted BlackRock in February to discuss investing millions of dollars in the firm's defense industrial active ETF shortly before the U.S. launched a military operation against Tehran. According to the report, the investments discussed by Austin's broker ultimately did not go through because the fund was launched in May last year and Morgan Stanley's clients were not yet able to purchase it. The report did not specify how much discretion Austin's broker had to make investments on his behalf, nor whether Austin was aware of what the broker was doing. (Sina Finance)

K-LinePoet

2026-04-05 14:29:48

The UK’s Financial Times reported on Monday, citing three people familiar with the matter, that a broker for U.S. Defense Secretary Hegseth attempted to make a large investment in major defense contractors in the weeks before the U.S.-led attacks on Iran.

The report also said that Hegseth’s broker at Morgan Stanley contacted BlackRock in February to discuss investing millions of dollars in the defense-industrial active ETF of the asset manager shortly before U.S. military action against Tehran.

According to the report, the investment the broker discussed ultimately did not take place because the fund launched last May and Morgan Stanley’s clients were not yet able to purchase it. The report did not say how much discretion the broker had to make investments on behalf of Hegseth, nor did it say whether Hegseth knew what the broker was doing. (Sina Finance)

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