Securities Expert: End Is Likely Near For Hedge Fund Investigation

The Federal Bureau of Investigation has targeted a Boston firm as part of its probe into insider-trading.

Loch Capital Management was one of three hedge fund companies raided by the FBI Monday.

The Boston company is not commenting and the FBI has not released details of its searches.

WBUR's Bob Oakes spoke with Bob Friedman, a securities expert and a partner at the Boston-based law firm Burns & Levinson, to get some insight into the case.