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Pete Hegseth's broker faces insider trading claims: FT investigation

CNBC · Current
CNBC
CNBC
Current

A broker for Defense Secretary Pete Hegseth reportedly looked to make a multimillion-dollar investment in a defence ETF shortly before the U.S. began military action against Iran. That's according to the Financial Times, citing three people familiar with the matter.

Breakdown
  • Hegseth's broker sought defense investments before U.S.-Iran conflict
  • The BlackRock defense ETF investment did not proceed 20s
  • Pentagon denies the Financial Times report as false 34s
  • Unusual betting activity noted before Iran conflict and oil price moves 1m 21s
  • SEC and CME did not comment on suspicious market activity 2m 0s
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