Warner, Schiff probe potential insider trading in government

A broker linked to Pete Hegseth sought a multimillion-dollar investment in a defense-linked ETF in February, according to a report cited by lawmakers. The disclosure has prompted political and reputational scrutiny but is unlikely to move ETF prices or broader markets materially beyond isolated, idiosyncratic flow effects.

Analysis

A broker linked to Pete Hegseth sought a multimillion-dollar investment in a defense-linked ETF in February, according to a report cited by lawmakers. The disclosure has prompted political and reputational scrutiny but is unlikely to move ETF prices or broader markets materially beyond isolated, idiosyncratic flow effects.