A story not well known outside of Chicago prop trading circles, John S. Stafford, Jr. - the founder of [], Anything in here will be replaced on browsers that support the canvas element. 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. Is this your 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. John worked for the Secaucus public school system for many years. These respondents offered investors a securities opportunity that sounded too good to be true, and it was.. Ronin is an avid golfer, with a reported 8 handicap, who has participated in the Pebble Beach Pro-Am. Business Leaders. 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. Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. 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 across the nation from 2018 to 2022. 1-877-812-1590. 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. 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. It may take up to 1 hour for your comment to appear on the website. Blackstone, and 3G Capital. Employers | Job Seekers | What We Do | Who We Are | Contact Us 2022 Capital Staffing Solutions, Inc. | Phone: (800) 205-4923. Stafford graduated from the University of Chicago. [3] John Stafford III couldn't be reached.Crain's senior reporter Lynne Marek contributed. ET IS FREE FOR TRADERS BECAUSE OF THE FINANCIAL SUPPORT FROM THESE SPONSORS: Spread Trading Instruction from an experienced professional with references - trade like the Pros, Hedge Funds and Banks, Learn More about Advertising on Elite Trader, https://johnlothiannews.com/trouble-at-ronin/, https://www.linkedin.com/in/jonathan-galin-2035b7b6/, Marketquake: The Volatility of Volatility, (You must log in or sign up to reply here. 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. 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. 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 . CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. The company's filing status is listed as Inactive and its File Number is 180984-91. If an investment opportunity promising high guaranteed returns sounds too good to be true, it usually is.. Copyright 2015-2023 Alphacution Research Conservatory, LLC | Design by, By signing up, you acknowledge that you have read the, Poof! 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. Here's a look at our key highlights as a firm. 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. 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. / Ronin Capital, LLC; 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. 2022 Capital Staffing Solutions, Inc. | Phone: (800) 205-4923. 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. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. The majority owner of Ronin Capital is Zen Holdings, LLC. Stafford Trading was acquired by TD Options in 2001. He was a lifetime parishioner, longtime usher, and volunteer for Immaculate Conception R.C. Ronin Capital LLC operates as an institutional brokerage firm. 6 Jul 2020. Ronin Capital chose SR Labs low latency market data product offering for its high frequency trading and automated market making business. Printer Friendly View Address: 5758 W Fillmore St . 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. [1][2] Background Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Advanced search Log in Forgot password ? Leave a memory or share a photo or video below to show your support. The company's principal address is 230 S . Ronin Capital, based in Chicago, was confirmed to be the firm in question, according to sources. Your entry has exceeded the maximum character limit. The company was involved in proprietary trading operations and venture capital investments. 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. The FTC permanently enjoined Salzano from similar fraudulent conduct in the future. The company currently specializes in the Financial Services area. 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. Products and Services . The Company offers portfolio management, capital raising, financial planning, and advisory services. Your entry has exceeded the maximum character limit. [3], Ronin is owned by John Stafford III and his father, John Stafford Jr. Send a note, share a story or upload a photo. The company was involved in proprietary trading operations and venture capital investments. He is a strategic advisor to OCA Ventures. [1][2] Background Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Missing Crain's in print? John (Jack) E. Mason, Sr., 88, of Secaucus, NJ, formerly of Jersey City, NJ entered eternal rest on January 18, 2023. Both NRIA and the NRIA Fund have initiated Chapter 11 bankruptcy proceedings. The Bureau found that NRIA also leveraged the junk bonds through repurchase agreements with financial institutions. 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. Sign up for service and obituary updates. 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. E-mail oureditor 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. 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. 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. Chicago, IL 60601 Education John (Jack) E. Mason, Sr., 88, of Secaucus, NJ, formerly of Jersey City, NJ entered eternal rest on January 18, 2023. Ronin Capital is part of the Finance industry, and located in Illinois, United States. Ronin was a direct clearing firm for CME. Ronin Capital assets auctioned. This page was last edited on 23 March 2020, at 19:11. Board of Directors. Such swings can generate big gains for trading firms or crush them if they're on the wrong side of a big bet. 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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. It may take up to 1 hour for your comment to appear on the website. Copyright 2023 Surperformance. The company was involved in proprietary trading . Assets of Chicago trading firm Ronin Capital were. In concert with Alphacution's recent feed post, "Marketquake: The Volatility of Volatility," on unprecedented volatility levels that surpass that of the 2008-2009 Global Financial Crisis (GFC) period, I wanted to assemble whatever we could on Ronin. Ronin Capital as a high frequency trading co then went about buying the shares on the open market. John was the current (as well as past) Grand Knight of the Knights of Columbus Council 12769. 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. When Ronin Capital was forced to shed assets at auction last month, it became the biggest financial industry victim in the U.S. of the deadly coronavirus so far, undercutting its legacy as a. Long, Director, Media Inquiries-Lee [email protected]. {{{name}}}. Stafford graduated from the University of Chicago. This page was last edited on 3 June 2017, at 14:50. John is pre-deceased by his parents, John & Marie Mason (nee Strain). Let others know about your loved one's death. Leave a memory or share a photo or video below to show your support. [1] [2] Background [ edit] Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. RONIN CAPITAL, LLC branch. [2] Ronin did not handle customer business, CME said, so no clients incurred losses as a result of the liquidation. Arthur Scutaro, of Bloomfield, executive vice-president of project management and advisor to the NRIA Fund. Acquisitions Completed. [8] 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. STAFFORD, JOHN SPRINGS III CHIEF EXECUTIVE OFFICER 10% but less than 25% Individual 10/2001 Yes 2366359 Is this a domestic or foreign Beloved husband of Betty Mason (nee Hart) for 67 years. Crain's Chicago Business. About John Stafford. RONIN CAPITAL, LLC CRD# 118428 SEC# 8-53655 Main Office Location 350 N. ORLEANS STREET SUITE 2N CHICAGO, IL 60654 Mailing Address 350 N. ORLEANS STREET SUITE 2N . 7+ Years. Ronin, owned by John Stafford III and his father, John Stafford Jr . Do Not Sell or Share My Personal Information. What will happen to Invest South/West, LaSalle Street revival without Lightfoot? With over 1,900 locations, Dignity Memorial providers proudly serve over 375,000 families a year. CME said the firm was unable to meet its capital requirements going forward. 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. Transparency in Coverage.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. 21. 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. Background [1][2] Investors can also contact the Bureau for assistance or raise issues or complaints about New Jersey-based financial professionals or investments. Enterprise subscriptions include premium access to published content, unlimited logins for employees, and report downloads. The space includes nine conference rooms and a reception area with a water feature and koi pond, according to a marketing flyer from brokerage Jones Lang LaSalle. The trading firm, which traded at CME, was "unable to meet its capital requirements." . 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. 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. He is a strategic advisor to OCA Ventures. 27. [1][2], Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Get a D&B Hoovers Free Trial. [4] He was the lead advisor to Xencor and at one time owned 25% of the company's stock. Overview. 4-Traders.com. InsiderMonkey.com. JOHN STAFFORD III; Registry Page https://bizfileonline.sos.ca.gov/sear. Website. Transparency in Coverage. $300M+ Equity Capital Deployed. 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. He is a 30-year veteran of the proprietary, quantitative and . org=OCA Ventures. [5][6][7] 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. Position: John Stafford III, Ronin Capital LLC. 15 Jul 2020. Meet the Team 5. Loving grandfather of Alexis & Johnna Mason, the late Christopher Bann, Joseph Franks, Danielle Martinez and Tiffany Franks. YOUR BUSINESS. Rehab facility planned for River North redevelopment, Why biotech is a bright spot on Chicago's real estate scene now. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. John worked for the Secaucus public school system for many years. Stafford Trading was acquired by TD Options in 2001.[3]. 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. 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. 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 machine readable files are formatted to allow researchers, regulators, and application developers to more easily access and analyze data. The readiness is all." Rego et al. 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. Ronin Capital chose SR Labs low latency market data product offering for its high frequency trading and automated market making business. Church here in town. 2023 SCI SHARED RESOURCES, LLC. 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. Send a note, share a story or upload a photo. Key People Its headquarters is located at Chicago, Illinois, USA. 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. The company was involved in proprietary trading . 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 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. 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. Since 2001, Mr. Stafford has served as Chief Executive Officer of Ronin Capital, LLC, a registered broker dealer with proprietary trading operations encompassing equity, fixed income and derivative securities. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. We visit more than 100 websites daily for financial news (Would YOU do that?). No thanks. Company Number 200426810387 Status Terminated Incorporation Date 23 September 2004 (over 18 years ago) Dissolution Date 15 July 2020 . Key Principal: John S Stafford See more contacts Industry: Security brokers and dealers Printer Friendly View Address: 350 E Cermak Rd Chicago, IL, 60616-5507 United States See other locations Phone: Website: www.ronin-capital.com Employees (this site): Modelled ESG ranking: ESG industry average: What is D&B's ESG Ranking? 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 site is provided as a service of SCI Shared Resources, LLC. 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. Click below to see everything we have to offer. Do Not Sell or Share My Personal Information. A Chicago resident with an 8 handicap, Stafford is a member at Evanston Golf Club as well as Tehama and Monterey Peninsula Country Club.. John A. Niznik, age 56, of Secaucus, New Jersey passed away suddenly on Monday, January 16th, 2023. Fond memories and expressions of sympathy may be shared at www.MackMemorialhome.com for the Niznik family. Adding to the headaches for downtown landlords is that many offices on the secondary market offer relatively updated, high-quality space after years of companies trying to get a leg up on recruiting by pouring cash into impressive office buildouts. References Forbes. Xencor website. John Stafford has been working as a Chief Executive Officer at Ronin Capital for 22 years. ). Ronin was founded in 2001, eventually growing to have hundreds of employees trading stocks, bonds and derivatives and pocketing profits for the Staffords and Ronin partners. Help tell the story of your loved ones unique life. Jack was a Pressman for the Star-Ledger in Newark (later Montville) for close to 50 years before retiring. River North Point 350 N Orleans St, Chicago, Illinois, 60654, United States 180 $46.2 M Finance, Lending & Brokerage Get Full Profile Access 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. 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. 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. It is critical that investors Check Before You Invest. Investors can obtain information, including the registration status and disciplinary history, of any financial professional doing business in or from New Jersey, by contacting the Bureau toll-free within New Jersey at 1-866-I-INVEST (1-866-446-8378) or from outside New Jersey at 973-504-3600, or by visiting the Bureaus website (http://www.njsecurities.gov/). Jack was a Pressman for the Star-Ledger in Newark (later Montville) for close to 50 years before retiring. Cease & Desist Order. 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. The move forced the exchange to step in and invoke its emergency protocols to auction off the portfolios. {{{org}}}. 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. Platform Investments. Today, we are taking action to stop their unlawful conduct and to put the public on notice. Key Principal: John S Stafford See more contacts Industry: Security brokers and dealers. 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 position of the CEO is occupied by John S. Stafford. Founder of Zen Investments LLC and Ronin Capital LLC, John Springs Stafford presently holds the position of Chief Executive Officer of Ronin Capital LLC. 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. 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. Suite 3200 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. Great grandfather of Steven, Anthony, Juliana, Annabelle, Aubrey, Ryan and Carly. With over 1,900 locations, Dignity Memorial providers proudly serve over 400,000 families a year. 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. 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. 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. This site is provided as a service of SCI Shared Resources, LLC.