politics
April 3, 2026
Warner, Schiff probe potential insider trading in government
The lawmakers also cited a recent report that a Pete Hegseth-linked broker sought to make a multimillion-dollar investment in a defense-linked ETF in February.
TL;DR
- Sens. Mark Warner and Adam Schiff are investigating potential insider trading within the government.
- They sent a letter to the SEC and DoD inspector general citing reports of trades made before major policy announcements.
- The senators expressed concern that federal officials might be disclosing nonpublic information for financial gain.
- Specific mention was made of a report involving a broker linked to Defense Secretary Pete Hegseth potentially trading on information before an Iran war decision.
- Warner and Schiff asked about agency reviews, detection tools, monitoring gaps, and safeguards against unauthorized information dissemination.
- They emphasized the need for a level playing field in capital markets, especially during times of policy sensitivity.
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