403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Pentagon Says Claims of Hegseth-Linked Defense Investments Are False
(MENAFN) The Pentagon on Monday rejected reports suggesting that a broker connected to US Defense Secretary Pete Hegseth attempted to invest in defense companies prior to recent military action against Iran.
A Pentagon spokesperson, Sean Parnell, stated on the social media platform X, “This allegation is entirely false and fabricated,” referring to a report by the Financial Times.
According to the Financial Times, which cited three sources familiar with the matter, Hegseth’s broker at Morgan Stanley allegedly contacted BlackRock in February about a potential multimillion-dollar investment in the asset manager’s Defense Industrials Active ETF.
Parnell clarified that neither Hegseth nor any of his representatives approached BlackRock regarding such an investment. “This is yet another baseless, dishonest smear designed to mislead the public. We demand an immediate retraction,” he said.
He added that Hegseth and the Pentagon “remain unwavering in their commitment to the highest standards of ethics and strict adherence to all applicable laws and regulations.”
A Pentagon spokesperson, Sean Parnell, stated on the social media platform X, “This allegation is entirely false and fabricated,” referring to a report by the Financial Times.
According to the Financial Times, which cited three sources familiar with the matter, Hegseth’s broker at Morgan Stanley allegedly contacted BlackRock in February about a potential multimillion-dollar investment in the asset manager’s Defense Industrials Active ETF.
Parnell clarified that neither Hegseth nor any of his representatives approached BlackRock regarding such an investment. “This is yet another baseless, dishonest smear designed to mislead the public. We demand an immediate retraction,” he said.
He added that Hegseth and the Pentagon “remain unwavering in their commitment to the highest standards of ethics and strict adherence to all applicable laws and regulations.”
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment