Broker for US Defense Secretary Attempted Defense Fund Investment Prior to Iran Attack, Report Says

Deep News03-31

According to a Monday report by the Financial Times citing three informed sources, a broker representing US Defense Secretary Hagseith attempted to make significant investments in major defense companies in the weeks preceding a potential US-Israel attack on Iran. The report further stated that Hagseith's broker at Morgan Stanley contacted BlackRock in February to discuss a multi-million dollar investment in the asset manager's defense industry active ETF shortly before anticipated military action by the US against Tehran. The investment discussed by Hagseith's broker ultimately did not proceed because the fund, launched in May of last year, was not yet available for purchase by Morgan Stanley clients at the time. The report did not specify the level of discretion the broker had to make investments on Hagseith's behalf, nor did it clarify whether Hagseith was aware of the broker's actions.

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