"Hegseth's financial broker inquired about a multimillion-dollar investment in BlackRock's Defense Industrials Active ETF, which invests in global defense and security-related companies."
"The inquiry was flagged internally at BlackRock, but the investment did not go through because the fund was too new for Morgan Stanley's clients."
"Hegseth reportedly earned $4.6 million over two years at Fox News and another $1 million in speaking engagements, raising questions about financial trades linked to policy decisions."
In the lead-up to the Iran war, Pete Hegseth's financial broker sought to invest millions in BlackRock's Defense Industrials Active ETF. This ETF, launched in May 2025, focuses on defense, aerospace, and security companies. The inquiry was flagged internally at BlackRock but did not result in an investment due to the fund's newness. Hegseth earned significant income from Fox News and speaking engagements. The situation has drawn attention amid scrutiny of trades linked to major policy decisions during Trump's administration.
Read at www.mediaite.com
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