"Senator Elizabeth Warren brought up a report by the Financial Times that indicated a broker for Hegseth attempted to make a multimillion dollar investment in BlackRock's Defense Industrials Active ETF, which was blocked due to internal flags by BlackRock employees."
"Warren emphasized that the law prohibits the Secretary of Defense from owning stock in the ten largest defense contractors, questioning Hegseth about any investments in defense-related funds prior to the Iran war."
"Hegseth responded to Warren's inquiries with a combative stance, stating that troop deaths were 'tragic' but the 'consequence of war' is unavoidable, while firmly denying any allegations of insider trading."
During congressional hearings, Secretary of Defense Pete Hegseth was interrupted by a protester labeling him a war criminal. Senator Elizabeth Warren questioned Hegseth about potential insider trading linked to a broker's attempt to invest in a defense fund before the U.S. and Israel's war on Iran. Warren cited a Financial Times report detailing the blocked investment in BlackRock's Defense Industrials Active ETF, which includes major military contractors. Hegseth denied any wrongdoing, stating, 'I'll give it to you as a big, fat negative.'
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