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| | Nelson J. Obus, et al.: Lit. Rel. No. 19667 / April 25, 2006 |
 | | In a complaint filed in the United States District Court for the Southern District Court of New York, the Commission alleged that Obus directed the purchase of 287,200 shares of SunSource stock in accounts of three hedge funds he managed after being tipped by Black, who had been tipped by Strickland. |
 | | As a result of the trading, the three funds Wynnefield Partners Small Cap Value L.P. ("Wynn"), Wynnefield Partners Small Cap Value L.P. I ("Wynn I"), Wynnefield Partners Small Cap Value Offshore Fund, Ltd. ("Wynn II") had illicit gains of $1,335,700. |
 | | According to the complaint, shortly thereafter, Strickland called his close friend Black, who was an analyst for Wynnefield Capital, Inc., and tipped him about the upcoming merger. |
| www.sec.gov /litigation/litreleases/2006/lr19667.htm (459 words) |
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