[3]
It was a proprietary trading firm that traded only for its owners and not for clients.[4]. Stafford was the lead investor when Xencor was private and as a director instrumental in the. Such swings can generate big gains for trading firms or crush them if they're on the wrong side of a big bet. Missing Crain's in print? Today, we are taking action to stop their unlawful conduct and to put the public on notice. John Stafford III couldn't be reached.Crain's senior reporter Lynne Marek contributed. The rules are not complicated: if you are selling securities in New Jersey, you must comply with our securities laws, said Acting Division of Consumer Affairs Director Cari Fais. Mr. The position of the CEO is occupied by John S. Stafford. Ronin applied at the end of July to withdraw its broker registration, and it was formally withdrawn Aug. 6, FINRA records show. Sign up for service and obituary updates. Advanced search Log in Forgot password ? Ronin Capital is a registered broker/dealer with proprietary trading operations in markets such as; equity securities, government bonds, corporate bonds and related derivatives on global exchanges and in electronic markets. Sign up for service and obituary updates. John A. Niznik, age 56, of Secaucus, New Jersey passed away suddenly on Monday, January 16th, 2023. Position: John Stafford III, Ronin Capital LLC. The FTC permanently enjoined Salzano from similar fraudulent conduct in the future. A Mass of Christian Burial will occur Saturday at 9:30 AM at . He also sits on the board of several companies including Clinical Micro Sensors, Inc., All Optical Networks, Inc. and sat on the board of Xencor for 18 years before resigning in 2016.
The company's principal address is 230 S . But the company, founded by veteran options trader John Stafford Jr. and his son, John Stafford III, still has at least one long-term commitment to deal with: A 72,000-square-foot lease at 350 N. Orleans St. that runs through June 2028. However, the Bureau found multiple violations of the anti-fraud provisions of the New Jersey Uniform Securities Law, including employing a scheme to defraud, making untrue statements of material fact, and omitting material facts in connection with the sale of NRIA Fund securities. Founder of Zen Investments LLC and Ronin Capital LLC, John Springs Stafford presently holds the position of Chief Executive Officer of Ronin Capital LLC. The billboard messaging guaranteed returns of 12 percent on the investments, with the added possibility of obtaining returns as high as 21 percent. John S. Stafford, III is a Chicago-based trader, investor and principal trading firm executive, who is the chief executive officer and co-founder of Ronin Capital LLC. Along with his mother Florence he is survived by his brother Edward Niznik and his wife Anna; a sister, who he lovingly took care of, Melissa Niznik; and his nephew and niece, Matthew & Jessica Niznik; as well as many loving aunts, uncles, and cousins. Ronin Capital is a registered broker /dealer with proprietary trading operations in markets such as; equity securities, government bonds, corporate bonds and related derivatives on global exchanges and in electronic markets. Ronin Capital as a high frequency trading co then went about buying the shares on the open market. Ronin is owned by John Stafford III and his father, John Stafford Jr. All rights reserved. The principals also hired family-owned or controlled companies, including a construction firm where Salzanos son was the Chief Financial Officer, and companies owned by Grabatos relatives that were used to create imposter entities and websites. That figure is approaching 3 percent of all office inventory in the central business district, which would be the highest share of available sublease space CBRE has recorded in 15 years. Assets of Chicago trading firm Ronin Capital were. Let others know about your loved one's death. The company principals named in the order include: The fraudulent conduct identified by our Bureau of Securities in this case is striking, said Acting Attorney General Platkin. Do Not Sell or Share My Personal Information. Recent filings for RONIN CAPITAL, LLC. Later in March 2021 Salzano was arrested on a criminal charge alleging that he had used a forged term sheet in 2019 in an attempt to induce an investor to increase her investment in one of the NRIA Funds real estate ventures. As part of their scheme to enrich themselves at investors expense, the Bureau found that the principals named in todays filing used millions of investor dollars to make lavish payments to family members including a salary paid to Salzanos wife for a no-show job. India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom, Facebook owner Meta increases Zuckerberg's security allowance by $4 million. [2] Ronin did not handle customer business, CME said, so no clients incurred losses as a result of the liquidation. Key People John S. Stafford, III is a Chicago-based trader, investor and principal trading firm executive, who is the chief executive officer and co-founder of Ronin Capital LLC. John (Jack) E. Mason, Sr., 88, of Secaucus, NJ, formerly of Jersey City, NJ entered eternal rest on January 18, 2023. 2,357,649 shares are held in a Class C Capital Account of John S. Stafford, III at Ronin Capital, LLC ("Ronin Capital"), a limited liability company owned and managed by Mr. Stafford. Your entry has exceeded the maximum character limit. He was an avid fan of the Miami Dolphins and the New York Yankees. It was a proprietary trading firm that traded only for its owners and not for clients. Such Class A spaceswhich account for roughly a third of subleases on the market, according to CBREpose formidable competition to landlords trying to fill vacant space. No thanks. Church here in town. Stafford Trading was acquired by TD Options in 2001.[3]. Send a note, share a story or upload a photo. . Blackstone, and 3G Capital. Ronin Capital is part of the Finance industry, and located in Illinois, United States. [1][2]
NEWARK - Acting Attorney General Matthew J. Platkin announced today that the New Jersey Bureau of Securities has issued a Summary Cease and Desist Order to Secaucus-based National Realty Investment Advisors, LLC (NRIA), and related entities and individuals, after determining the company fraudulently sold at least $630 million in securities to investors in New Jersey and . 6 Jul 2020. Additional sources said Ronins problems stemmed from positions in futures tied to theCBOE Volatility Index (VIX)." Sign up for our newsletter and stay up to date on all Alphacution research Website. John S. Stafford, III is a Chicago-based trader, investor and principal trading firm executive, who is the chief executive officer and co-founder of Ronin Capital LLC. Jack was a Pressman for the Star-Ledger in Newark (later Montville) for close to 50 years before retiring. Their fraud involved selling securities in the form of membership units in a real estate investment fund known as the NRIA Fund to at least 1,800 investors across the country, including 380 investors in New Jersey.
Help tell the story of your loved ones unique life. Products and Services . Overview. [3], Ronin is owned by John Stafford III and his father, John Stafford Jr. John S. Stafford, Jr. is a co-founder of Ronin Capital. YOUR BUSINESS. Stafford graduated from the University of Chicago. Ronin is trying to shed that space, adding to a fast-growing amount of available office space downtown as the coronavirus keeps its grip on the economy. John Stafford III, the CEO of Ronin Capital, LLC. He is a strategic advisor to OCA Ventures. Remember Or log in with Google Twitter Facebook Apple Sign up Read the John Lothian Newsletter. Ronin's space on the second floor at its River North home includes high-end finishes such as a smooth stone conference room table and stylish pillars reminiscent of tree trunks. He also sits on the board of several companies including Clinical Micro Sensors, Inc., All Optical Networks, Inc. and sat on the board of Xencor for 18 years before resigning in 2016. The machine readable files are formatted to allow researchers, regulators, and application developers to more easily access and analyze data. RONIN CAPITAL, LLC branch. Background
This site is provided as a service of SCI Shared Resources, LLC. Big lakefront high-rise in the Gold Coast hits the market after apartment conversion, Two office landlords defaulting may be just the beginning, Sponsored Content: How a business credit card program can grow your business, The Most Powerful Women In Chicago Business. Legendary Ronin Capital Disappears (UPDATED), Thomson Reuters publishes Quantifying the Transformation, Robinhoods Trailing Stop Orders: Extreme Profitability, By Design, Deconstructing Citadel Securities: Overview and Expanded Executive Summary Available for Download, Shape Shifter: US Retail Investor Behavior, Virtus Option Market Making: The Record Year That Wasnt, Alphacution Press: NYT on Sam Bankman-Fried and Jane Street, About Virtus Record Year in Options Market Making. To entice would-be investors, the company used a nationwide advertising campaign that included radio spots and high-profile messaging on billboards located at the entrance to the Lincoln and Holland Tunnels. SI-NO CHANGE view. ALL RIGHTS RESERVED. Board Director Invests $1.5 Million in Xencor Inc (XNCR) Amid the IPO. Additional sources said Ronin's problems stemmed from positions in futures tied to the CBOE Volatility Index (VIX)." It may take up to 1 hour for your comment to appear on the website. A visitation for John will be held Friday January 20, 2023, from 4 to 8 PM at Mack Memorial Home, 1245 Paterson Plank Road, Secaucus, NJ 07094.
He is a 30-year veteran of the proprietary, quantitative and . It's unclear what exactly hammered Ronin, but in March the firm was forced by futures exchange operator CME Group to auction some of its assets because it "was unable to meet its capital requirements going forward," CME said in a statement at the time. Board of Directors. CME said the firm was unable to meet its capital requirements going forward. The move forced the exchange to step in and invoke its emergency protocols to auction off the portfolios. Business Leaders. The company's filing status is listed as Inactive and its File Number is 180984-91. A Mass of Christian Burial will occur Saturday at 9:30 AM at Immaculate Conception R. C. Church, 1245 Paterson Plank Rd., Secaucus, NJ thence to Holy Cross Cemetery, North Arlington for his Committal Service. Stafford graduated from the University of Chicago. The action weve taken today is meant to halt their dishonest, predatory conduct once and for all., The conduct outlined in todays filing is egregious. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Transparency in Coverage. The Bureau found that NRIA also leveraged the junk bonds through repurchase agreements with financial institutions. {{{org}}}. Ronin Capital serves customers worldwide. Long, Director, Media Inquiries-Lee MooreOAGpress@njoag.gov. NRIA claimed the fund involved the opportunistic purchase of land or property at below-market value prices, which would then be developed for sale at a large profit. v. Ronin Capital, LLC et al 1:2022cv01129 | US District Court for the Southern District of New York | Justia Other Statutes: Arbitration case filed on February 9, 2022 in the New York Southern District Court Log InSign Up Find a Lawyer Ask a Lawyer Research the Law Law Schools Laws & Regs Newsletters org=OCA Ventures. It may take up to 1 hour for your comment to appear on the website.
Its the very kind of conduct that undermines public confidence in our financial institutions and ultimately in investing, said Acting Bureau of Securities Director Amy G. Kopleton. This link leads to the machine-readable files that are made available in response to the federal Transparency in Coverage Rule and includes negotiated service rates and out-of-network allowed amounts between health plans and healthcare providers. Investors can also contact the Bureau for assistance or raise issues or complaints about New Jersey-based financial professionals or investments. The Overlooked Tycoons Playing Pebble Beach With Justin Timberlake And Bill Murray. Key Principal: John S Stafford See more contacts Industry: Security brokers and dealers. With over 1,900 locations, Dignity Memorial providers proudly serve over 400,000 families a year. Ronin was a direct clearing firm for CME. Discussion in 'Wall St. News' started by nastazio151, Mar 20, 2020. The firm moved to 350 N. Orleans in 2010, expanding from about 43,000 square feet in the Federal Reserve building at 230 S. LaSalle St. Ronin had as much as $21 billion of trading assets in 2018but fell hard earlier this year as the onset of the COVID-19 pandemic triggered wild stock market volatility. These respondents lured investors in New Jersey and across the nation with empty promises and, in some cases, went to great lengths to conceal their own fraudulent conduct. Founder of Zen Investments LLC and Ronin Capital LLC, John Springs Stafford presently holds the position of Chief Executive Officer of Ronin Capital LLC. John was the current (as well as past) Grand Knight of the Knights of Columbus Council 12769. This use of repurchase transactions to create leverage significantly increased the risk of the junk commercial mortgage-backed securities portfolio to the NRIA Fund investors, but the risk was never disclosed to them. Ronin Capital, based in Chicago, was confirmed to be the firm in question, according to sources. 7+ Years. 21. Click here to get the full experience on your screen. Company Description:? Rehab facility planned for River North redevelopment, Why biotech is a bright spot on Chicago's real estate scene now. Founder of Zen Investments LLC and Ronin Capital LLC, John Springs Stafford presently holds the position of Chief Executive Officer of Ronin Capital LLC. The company was involved in proprietary trading . A Chicago resident with an 8 handicap, Stafford is a member at Evanston Golf Club as well as Tehama and Monterey Peninsula Country Club.. {{{name}}}. References
Ronin Capital, which traded at CME, was one of many proprietary trading firms in Chicago that trade for its owners and not clients. and organizational developments. John Stafford has been working as a Chief Executive Officer at Ronin Capital for 22 years. Ronin Capital LLC operates as an institutional brokerage firm. The company was involved in proprietary trading operations and venture capital investments. Ronin Capital is a private company that has been in the industry for 22 years. STAFFORD, JOHN SPRINGS III CHIEF EXECUTIVE OFFICER 10% but less than 25% Individual 10/2001 Yes 2366359 Is this a domestic or foreign We visit more than 100 websites daily for financial news (Would YOU do that?). [1][2] Background Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. This site is provided as a service of SCI Shared Resources, LLC. Ronin is a member of various exchanges including the Boston Options Exchange, Inc., the Chicago Board Options Exchange, Inc., the CME Group, Inc. (CME, CBOT, NYMEX and COMEX), NASDAQ OMX PHLX, NYSE Arca Inc., the International Securities Exchange, LLC, the Dubai Mercantile Exchange, Limited, EUREX Frankfurt AG, NYSE Liffe US, and the Fixed Income Clearing Corporation. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. He was a veteran of the United States Army, a member of the Knights of Columbus, American Legion, The Catholic War . Ronin Capital's office at 350 N. Orleans St. A Chicago trading firm that was crushed at the onset of the COVID-19 pandemic has joined the crowd of tenants trying to sublease downtown office. Crain's Chicago Business. Paul Rowady is the Director of Research for Alphacution Research Conservatory, a research and strategic advisory platform uniquely focused on modeling and benchmarking the impacts of technology on global financial markets and the businesses of trading, asset management and banking. If it be now, tis not to come, if it be not to come, it will be now; if it be not now, yet it will come. (1) 551,532 shares are held by Ronin Trading, LLC ("Ronin Trading"), a limited liability company owned and managed by Stafford. Overall downtown office vacancy midway through the year also hit its highest mark since 2011, CBRE data shows. The company currently specializes in the Financial Services area. 130 E. Randolph St. Loving uncle to many nieces, nephews, great nieces, great nephews, great-great nieces and great-great nephews. A visitation for Jack will be held Monday January 23, 2023, from 4 to 8 PM at Mack Memorial Home, 1245 Paterson Plank Road, Secaucus, NJ 07094. Your entry has exceeded the maximum character limit. Stafford Trading was acquired by TD Options in 2001. Get a D&B Hoovers Free Trial. With over 1,900 locations, Dignity Memorial providers proudly serve over 375,000 families a year. Meet the Team 5. Education
Employers | Job Seekers | What We Do | Who We Are | Contact Us 2022 Capital Staffing Solutions, Inc. | Phone: (800) 205-4923. Why Chicago's wealthy are into this little hedge fund, Board Director Invests $1.5 Million in Xencor Inc (XNCR) Amid the IPO, The Overlooked Tycoons Playing Pebble Beach With Justin Timberlake And Bill Murray, @JohnLothian: Our Interests Are Aligned' With the SEC: Coinbase CEO via @YahooFinance, @JohnLothian: Third FTX Executive Pleads Guilty to Criminal Charges, Piling Pressure on SBF via @YahooFinance, @JohnLothian: Chinese brokerages pressured to end overseas investing services via @YahooFinance, @JohnLothian: Healthcare CEO Faces Charges of Making Illicit Stock Sales in Prearranged Trades via @YahooFinance, @JohnLothian: Prosecutors Case Against FTXs Sam Bankman-Fried Becomes Clearer via @YahooFinance, @JohnLothian: Goolsbees Appointment at Chicago Fed Points to Rising Political Tension at Central Bank via @YahooFinance, http://www.marketswiki.com/wiki/index.php?title=John_S._Stafford_III&oldid=202475. The company was involved in proprietary trading . Let others know about your loved one's death. The readiness is all." Both NRIA and the NRIA Fund have initiated Chapter 11 bankruptcy proceedings. To conceal the companys poor performance, its principals used investors own money (rather than actual cash flow) to fund annual distributions, used straw purchasers to create nonexistent sales of certain residential units, and inflated the companys performance by improperly recognizing certain revenues in violation of Generally Accepted Accounting Principles, according to the Bureaus findings. [1] [2] Background [ edit] Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. $300M+ Equity Capital Deployed. Why Chicago's wealthy are into this little hedge fund. Ronin Capital's office at 350 N. Orleans St. A Chicago trading firm that was crushed at the onset of the COVID-19 pandemic has joined the crowd of tenants trying to sublease downtown office space. 27. The investigation by the Bureau of Securities was conducted by Chief of Enforcement Richard Szuch, and Investigator Irwin Slotnick. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. ). John S. Stafford, III is a Chicago-based trader, investor and principal trading firm executive, who is the chief executive officer and co-founder of Ronin Capital LLC. Copyright 2015-2023 Alphacution Research Conservatory, LLC | Design by, By signing up, you acknowledge that you have read the, Poof! Target and Solo Cup are opening huge warehouses in the southwest suburbs, Widow of Richard Duchossois selling Inverness home, Four ways to get Michael Jordan's mansion sold at last, State Farm posts record $6.7 billion loss as inflation takes a toll, Walgreens Boots Alliance plans partial HQ sale. Mr. Stafford is also on the board of Aware, Inc. (Massachusetts) (former Chairman), Clinical Micro Sensors, Inc., Zipwhip, Inc. and ALTR Solutions, Inc. and Member of Cboe Exchange, Inc. (Illinois) and Member of Chicago Board of Trade. John S. Stafford III serves as Independent Director of the Company. Help tell the story of your loved ones unique life. [4] He was the lead advisor to Xencor and at one time owned 25% of the company's stock. This page was last edited on 23 March 2020, at 19:11. Chicago, IL 60601 Leave a memory or share a photo or video below to show your support. OUR PRIORITY. Xencor website. CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. He is a strategic advisor to OCA Ventures. Ronin Capital Chooses SR Labs Low Latency Market Data Feed Handlers, CME Group announces auction of clearing firm Ronin Capital's portfolios, http://www.marketswiki.com/wiki/index.php?title=Ronin_Capital&oldid=219346, Proprietary trading operations, brokerage services. Thomas Nicholas Salzano, of Secaucus, who was a senior independent executive advisor and portfolio manager of the NRIA Fund; Rey Grabato, of Hoboken, president of the NRIA Fund and 80 percent owner of NRIA; D. Coley OBrien, of Southampton, NY, co-CIO of the NRIA Fund and 100 percent owner of NRIA Capital Partners; and. Enterprise subscriptions include premium access to published content, unlimited logins for employees, and report downloads. Printer Friendly View Address: 5758 W Fillmore St . [1][2] Background Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Ronin Capital chose SR Labs low latency market data product offering for its high frequency trading and automated market making business. The Bureau is represented by Assistant Attorney General Brian McDonough and Deputy Attorneys General Victoria Manning, Michael Eleneski and Alex Schmidt of the Securities Fraud Prosecution Section in the Division of Laws Affirmative Civil Enforcement Practice Group. The imposter entities and websites were aimed at reducing the chance that internet searches would reveal that NRIA Fund principals Salzano and Scutaro had previously been cited by the Federal Trade Commission (FTC) for engaging in consumer fraud as principals of a company known as NorVergence. The Dignity Memorial brand name is used to identify a network of licensed funeral, cremation and cemetery providers that include affiliates of Service Corporation International, 1929 Allen Parkway, Houston, Texas. Ronin Capital formally withdrew its broker registration last month, according to Financial Industry Regulatory Authority records, ending a nearly 19-year run that saw it become one of the biggest names in Chicago proprietary trading. Rego et al. Ronin Capital, based in Chicago, was confirmed to be the firm in question, according to sources. River North Point 350 N Orleans St, Chicago, Illinois, 60654, United States 180 $46.2 M Finance, Lending & Brokerage Get Full Profile Access 15 Jul 2020. Its headquarters is located at Chicago, Illinois, USA. In addition to NRIA, the entities named in the Bureaus order are: NRIA Partners Portfolio Fund I, LLC (the NRIA Fund), NRIA Capital Partners, Inc., and NRIA Structured Credit Strategies, LLC. As of Aug. 25, the amount of sublease space on the market had risen by almost 33 percent since the beginning of April and 55 percent since the beginning of the year to 4.3 million square feet, according to brokerage CBRE. John worked for the Secaucus public school system for many years. The number of employees ranges from 25 to 100. Fond memories and expressions of sympathy may be shared at www.MackMemorialhome.com for the Niznik family. 2022 Capital Staffing Solutions, Inc. | Phone: (800) 205-4923. Loving grandfather of Alexis & Johnna Mason, the late Christopher Bann, Joseph Franks, Danielle Martinez and Tiffany Franks. Click below to see everything we have to offer. Leave a memory or share a photo or video below to show your support. These respondents offered investors a securities opportunity that sounded too good to be true, and it was.. 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Acquisitions Completed. [8]
Ronin Capital is based in Chicago and was formed in 2001 and is a broker dealer with proprietary trading operations encompassing equity, fixed income, and derivative securities. CANCELLATION view. Mr. Stafford is also on the board of Aware,. CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. About John Stafford. / Ronin Capital, LLC; Ronin Capital, LLC. Copyright 2023 Surperformance. Is this your business? Trading firms are required by the exchange to make payments to back up their positions. 2023 SCI SHARED RESOURCES, LLC. - Shakespeare: Hamlet Act 5, Scene 2 UPDATE HERE (3/26/2020) Last Friday, March 20, CNBC was first to report that "one of theCMEs direct clearing firms was unable to meet its capital requirements. Ronin is an avid golfer, with a reported 8 handicap, who has participated in the Pebble Beach Pro-Am. JOHN STAFFORD III; Registry Page https://bizfileonline.sos.ca.gov/sear. Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Cease & Desist Order. Platform Investments. ALL RIGHTS RESERVED. If you opt in above we use this information to send related content. John S. Stafford, III is a Chicago-based trader, investor and principal trading firm executive, who is the chief executive officer and co-founder of Ronin Capital LLC. Ronin, owned by John Stafford III and his father, John Stafford Jr . Beloved husband of Betty Mason (nee Hart) for 67 years. He was a veteran of the United States Army, a member of the Knights of Columbus, American Legion, The Catholic War Veterans and K&S Club in Secaucus for many years. The Registered Agent on file for this company is C T Corporation System and is located at 388 State St Ste 420, Salem, OR 97301. 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