GOING GALT’: HEDGE BROKER SHUTS DOWN FIRM WITH CHILLING LETTER ABOUT THE MARKET

 

 

 

 Ann Barnhardt describes herself as a an “an old-school commercial hedge broker specializing in CATTLE and GRAIN.” And she just shut down her business by delivering a passionate and chilling open letter posted on her website.

“I could no longer tell my clients that their monies and positions were safe in the futures and options markets – because they are not,” she writes. And then she unloads: