NEW YORK ( TheStreet ) -- Financial industry participants are expecting tougher regulations as a result of the rapid implosion of MF Global ( MF), the futures broker that filed for bankruptcy Monday. "The political fall-out will be significant. In the United States this means more regulation and tougher regulators," wrote Rochdale Securities analyst Richard Bove in a note published Monday. Bove also predicts Congressional investigations and accusations the Federal Reserve did not follow the Dodd Frank Act or the Volcker Rule. "There will be a spate of new regulations under Volcker/Dodd Frank that will further reduce liquidity in the financial system. This will be the biggest impact of the MF Global bankruptcy filing. The Occupy Wall Street movement will get more support; the President will be free to be even more anti-'Wall Street,'" the analyst wrote.