A financial representative working for Defense Secretary Pete Hegseth reportedly sought to make a substantial investment in defense industry stocks during the weeks before a joint U.S.-Israeli military operation targeting Iran, according to a Monday report from the Financial Times.
The broker, working through Morgan Stanley, reached out to investment giant BlackRock during February regarding a multimillion-dollar purchase of the company’s Defense Industrials Active ETF, the report stated. This contact occurred shortly before Washington launched its military response against Tehran, according to three sources with knowledge of the situation cited by the Financial Times.
