Rehab facility planned for River North redevelopment, Why biotech is a bright spot on Chicago's real estate scene now. Transparency in Coverage. 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. 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. 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. [1] [2] Background [ edit] Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Ronin was a direct clearing firm for CME. Xencor website. YOUR BUSINESS. These respondents offered investors a securities opportunity that sounded too good to be true, and it was.. The Bureau of Securities is charged with protecting investors from investment fraud and regulating the securities industry in New Jersey. Fond memories and expressions of sympathy may be shared at www.MackMemorialhome.com for the Niznik family. / Ronin Capital, LLC; Ronin Capital, LLC. Great grandfather of Steven, Anthony, Juliana, Annabelle, Aubrey, Ryan and Carly. He is a 30-year veteran of the proprietary, quantitative and . 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. Xencor, Inc.. The investigation by the Bureau of Securities was conducted by Chief of Enforcement Richard Szuch, and Investigator Irwin Slotnick. Platform Investments. Sign up for service and obituary updates. With over 1,900 locations, Dignity Memorial providers proudly serve over 375,000 families a year. 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. Discussion in 'Wall St. News' started by nastazio151, Mar 20, 2020. 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. Is this your business? 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. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. InsiderMonkey.com. 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. 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/). [1][2] Background Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. 1-877-812-1590. Company Description:? The company was involved in proprietary trading . Stafford graduated from the University of Chicago. Education 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. 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. 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. 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. Additional sources said Ronins problems stemmed from positions in futures tied to theCBOE Volatility Index (VIX)." It may take up to 1 hour for your comment to appear on the website. OUR PRIORITY. John (Jack) E. Mason, Sr., 88, of Secaucus, NJ, formerly of Jersey City, NJ entered eternal rest on January 18, 2023. 2022 Capital Staffing Solutions, Inc. | Phone: (800) 205-4923. In addition to the purported billion-dollar-plus real estate development enterprise, NRIA also invested up to a quarter of all investor funds in commercial mortgage-backed securities, the bulk of which were below investment grade (otherwise known as junk bonds), in an effort to generate returns it had promised to investors but could not deliver through the NRIA Funds real estate projects. John A. Niznik, age 56, of Secaucus, New Jersey passed away suddenly on Monday, January 16th, 2023. 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. Founder of Zen Investments LLC and Ronin Capital LLC, John Springs Stafford presently holds the position of Chief Executive Officer of Ronin Capital LLC. [3] Ronin, owned by John Stafford III and his father, John Stafford Jr . 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. Loving grandfather of Alexis & Johnna Mason, the late Christopher Bann, Joseph Franks, Danielle Martinez and Tiffany Franks. Such swings can generate big gains for trading firms or crush them if they're on the wrong side of a big bet. 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. 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. John Stafford III, the CEO of Ronin Capital, LLC. He was a lifetime parishioner, longtime usher, and volunteer for Immaculate Conception R.C. CANCELLATION view. The billboard messaging guaranteed returns of 12 percent on the investments, with the added possibility of obtaining returns as high as 21 percent. [4] He was the lead advisor to Xencor and at one time owned 25% of the company's stock. References The Overlooked Tycoons Playing Pebble Beach With Justin Timberlake And Bill Murray. A story not well known outside of Chicago prop trading circles, John S. Stafford, Jr. - the founder of what eventually became known as Ronin Capital in late 2001 - rose to prominence on the floor of the Chicago Board Options Exchange (CBOE) in the 80's and early 90's. 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. CME said the firm was unable to meet its capital requirements going forward. 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'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. 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. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. John was the current (as well as past) Grand Knight of the Knights of Columbus Council 12769. Overall downtown office vacancy midway through the year also hit its highest mark since 2011, CBRE data shows. [2] Ronin did not handle customer business, CME said, so no clients incurred losses as a result of the liquidation. [1], On March 20, 2020, CME Group announced it had auctioned off Ronin Capital's portfolios after Ronin became an apparent victim of the market turmoil in which U.S. stocks plunged more than 30% from their peak because of the novel coronavirus. Chicago, IL 60601 Ronin Capital serves customers worldwide. The position of the CEO is occupied by John S. Stafford. 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. 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. John S. Stafford, Jr. is a co-founder of Ronin Capital. 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 . Ronin Capital is a private company that has been in the industry for 22 years. John (Jack) E. Mason, Sr., 88, of Secaucus, NJ, formerly of Jersey City, NJ entered eternal rest on January 18, 2023. Send a note, share a story or upload a photo. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. Key Principal: John S Stafford See more contacts Industry: Security brokers and dealers. 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. 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. Sign up for our newsletter and stay up to date on all Alphacution research Position: John Stafford III, Ronin Capital LLC. Arthur Scutaro, of Bloomfield, executive vice-president of project management and advisor to the NRIA Fund. 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. Cease & Desist Order. 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. The company's filing status is listed as Inactive and its File Number is 180984-91. Ronin Capital assets auctioned. Today, we are taking action to stop their unlawful conduct and to put the public on notice. Crain's Chicago Business. 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. 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? 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. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. The FTC permanently enjoined Salzano from similar fraudulent conduct in the future. Background STAFFORD, JOHN SPRINGS III CHIEF EXECUTIVE OFFICER 10% but less than 25% Individual 10/2001 Yes 2366359 Is this a domestic or foreign Its headquarters is located at Chicago, Illinois, USA. 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. He was an avid fan of the Miami Dolphins and the New York Yankees. 7+ Years. 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 . 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. Ronin Capital Location River North Point 350 N Orleans St, Chicago, Illinois, 60654, United States Description Industry Finance General Finance I already receive Alphacution newsletters. The company currently specializes in the Financial Services area. Ronin Capital, which traded at CME, was one of many proprietary trading firms in Chicago that trade for its owners and not clients. ALL RIGHTS RESERVED. Your entry has exceeded the maximum character limit. Click here to get the full experience on your screen. This site is provided as a service of SCI Shared Resources, LLC. 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. John Stafford III couldn't be reached.Crain's senior reporter Lynne Marek contributed. 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. Ronin Capital LLC operates as an institutional brokerage firm. 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. Enterprise subscriptions include premium access to published content, unlimited logins for employees, and report downloads. 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 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. RONIN CAPITAL, LLC is an Oregon Foreign Limited-Liability Company filed on October 30, 2003. He is a strategic advisor to OCA Ventures. Copyright 2023 Surperformance. Rego et al. This page was last edited on 23 March 2020, at 19:11. YOUR SUCCESS. 130 E. Randolph St. 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. Forbes. Jack was a Pressman for the Star-Ledger in Newark (later Montville) for close to 50 years before retiring. 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. Employers | Job Seekers | What We Do | Who We Are | Contact Us 2022 Capital Staffing Solutions, Inc. | Phone: (800) 205-4923. 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. This site is provided as a service of SCI Shared Resources, LLC. 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. It was a proprietary trading firm that traded only for its owners and not for clients.[4]. He was an avid fan of the Miami Dolphins and the New York Yankees. Long, Director, Media Inquiries-Lee [email protected]. Key People The company was involved in proprietary trading . Board Director Invests $1.5 Million in Xencor Inc (XNCR) Amid the IPO. 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. This page was last edited on 3 June 2017, at 14:50. Church here in town. Leave a memory or share a photo or video below to show your support. Leave a memory or share a photo or video below to show your support. What will happen to Invest South/West, LaSalle Street revival without Lightfoot? Ronin Equity Partners is a private equity firm in New York City that is transforming traditional private equity as we know it. Ronin is an avid golfer, with a reported 8 handicap, who has participated in the Pebble Beach Pro-Am. The trading firm, which traded at CME, was "unable to meet its capital requirements." . [1][2] Background Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Devoted father of John Mason and his wife Coleen, the late Jacqueline Lesh-Franks and her husband Al. Assets of Chicago trading firm Ronin Capital were. Stafford Trading was acquired by TD Options in 2001.[3]. With over 1,900 locations, Dignity Memorial providers proudly serve over 400,000 families a year. Mr. Stafford is also on the board of Aware,. SI-NO CHANGE view. Why Chicago's wealthy are into this little hedge fund. JOHN STAFFORD III; Registry Page https://bizfileonline.sos.ca.gov/sear. He was a veteran of the United States Army, a member of the Knights of Columbus, American Legion, The Catholic War . Copyright 2015-2023 Alphacution Research Conservatory, LLC | Design by, By signing up, you acknowledge that you have read the, Poof! 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. Beloved husband of Betty Mason (nee Hart) for 67 years. . 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. Ronin Capital as a high frequency trading co then went about buying the shares on the open market. Remember Or log in with Google Twitter Facebook Apple Sign up 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. 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. A high frequency trading co then went about buying the shares on the wrong side a. 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