Now It Looks Like The FBI Is Going To Investigate MF Global

fbi raid

Photo: AP

The FBI is planning an inquiry into MF Global, a person familiar with the situation has told the Wall Street Journal.This is alarming, as the FBI is in charge of probing into federal crimes and is the investigator for the Department of Justice. The Bureau is joining a growing list of entities that have MF Global on their radar.

The agency will take an initial look at the company, but no “major” investigation is planned, CNBC just reported.

MF Global is already being investigated by CME Group and other federal agencies.

Earlier today, the AP reported that theĀ firm admitted to using clients money to curb its financial troubles.

Click here to follow BI’s coverage of MF Global.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.