We visit more than 100 websites daily for financial news (Would YOU do that?). 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. Overview. 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. 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. Loving grandfather of Alexis & Johnna Mason, the late Christopher Bann, Joseph Franks, Danielle Martinez and Tiffany Franks. Missing Crain's in print? Don't miss Crain's in printright on your screen. 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. The billboard messaging guaranteed returns of 12 percent on the investments, with the added possibility of obtaining returns as high as 21 percent. 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. [1][2] Background Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. 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. [3], Ronin is owned by John Stafford III and his father, John Stafford Jr. ALL RIGHTS RESERVED. [1][2] John worked for the Secaucus public school system for many years. Ronin was a direct clearing firm for CME. 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, owned by John Stafford III and his father, John Stafford Jr . YOUR BUSINESS. [3] Ronin Capital Location River North Point 350 N Orleans St, Chicago, Illinois, 60654, United States Description Industry Finance General Finance The move forced the exchange to step in and invoke its emergency protocols to auction off the portfolios. Send a note, share a story or upload a photo. Ronin Capital, based in Chicago, was confirmed to be the firm in question, according to sources. Key People The company's filing status is listed as Inactive and its File Number is 180984-91. Leave a memory or share a photo or video below to show your support. 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 Equity Partners is a private equity firm in New York City that is transforming traditional private equity as we know it. 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. Loving uncle to many nieces, nephews, great nieces, great nephews, great-great nieces and great-great nephews. 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. Transparency in Coverage. Both NRIA and the NRIA Fund have initiated Chapter 11 bankruptcy proceedings. STAFFORD, JOHN SPRINGS III CHIEF EXECUTIVE OFFICER 10% but less than 25% Individual 10/2001 Yes 2366359 Is this a domestic or foreign 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 . and organizational developments. 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. Do Not Sell or Share My Personal Information. The FTC permanently enjoined Salzano from similar fraudulent conduct in the future. John (Jack) E. Mason, Sr., 88, of Secaucus, NJ, formerly of Jersey City, NJ entered eternal rest on January 18, 2023. [1][2] Background Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. With over 1,900 locations, Dignity Memorial providers proudly serve over 375,000 families a year. It may take up to 1 hour for your comment to appear on the website. He was an avid fan of the Miami Dolphins and the New York Yankees. 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. Mr. Stafford is also on the board of Aware,. John S. Stafford, Jr. is a co-founder of Ronin Capital. [1] [2] Background [ edit] Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Rego et al. Is this your business? Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. 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. ALL RIGHTS RESERVED. 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. 1-877-812-1590. 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. Founder of Zen Investments LLC and Ronin Capital LLC, John Springs Stafford presently holds the position of Chief Executive Officer of Ronin Capital LLC. 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 . Sign up for service and obituary updates. 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. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. 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. [5][6][7] Get a D&B Hoovers Free Trial. Ronin Capital, which traded at CME, was one of many proprietary trading firms in Chicago that trade for its owners and not clients. The investigation by the Bureau of Securities was conducted by Chief of Enforcement Richard Szuch, and Investigator Irwin Slotnick. 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. A Funeral Home Service will occur Tuesday at 10AM at Mack Memorial Home followed by his Committal Service at Holy Cross Cemetery in North Arlington. The Overlooked Tycoons Playing Pebble Beach With Justin Timberlake And Bill Murray. Printer Friendly View Address: 5758 W Fillmore St . He was a veteran of the United States Army, a member of the Knights of Columbus, American Legion, The Catholic War . Read the John Lothian Newsletter. 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. 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. Discussion in 'Wall St. News' started by nastazio151, Mar 20, 2020. If you opt in above we use this information to send related content. [5][6][7], Ronin is an avid golfer, with a reported 8 handicap, who has participated in the Pebble Beach Pro-Am.[8]. Remember Or log in with Google Twitter Facebook Apple Sign up 2023 SCI SHARED RESOURCES, 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. 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] Ronin did not handle customer business, CME said, so no clients incurred losses as a result of the liquidation. 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. Meet the Team 5. Let others know about your loved one's death. Today, we are taking action to stop their unlawful conduct and to put the public on notice. 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. 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. These respondents offered investors a securities opportunity that sounded too good to be true, and it was.. Ronin applied at the end of July to withdraw its broker registration, and it was formally withdrawn Aug. 6, FINRA records show. 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. 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. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';}(jQuery));var $mcj = jQuery.noConflict(true); Subscribe to Receive JJC Proposed Rules Email Notifications, STATE OF NEW JERSEY | DEPARTMENT OF LAW & PUBLIC SAFETY, Feedback form for NJRC Inquiries/Feedback and Account Wagering, AGs Office Investigating Shooting at NJ Turnpikes Clara Barton Service Area, Update: Attorney Generals Office Releases Video Footage from Death of Man who Collapsed while Being Pursued on Foot By Newark Police, NJ Office of the Secretary of Higher Education and the Division on Civil Rights Release a Resource Guide for Postsecondary Institutions on Campus Responses to Bias, Division on Civil Rights Takes Enforcement Action against Housing Providers for Non-Compliance with the Fair Chance in Housing Act, Grand Jury Declines to File Charges in Police-Involved Shooting that Killed Hillsborough Man on September 28, 2021. 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. Your entry has exceeded the maximum character limit. This site is provided as a service of SCI Shared Resources, LLC. A Mass of Christian Burial will occur Saturday at 9:30 AM at . Church here in town. Click here to get the full experience on your screen. John S. Stafford III serves as Independent Director of the Company. The trading firm, which traded at CME, was "unable to meet its capital requirements." . 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. Crain's Chicago Business. Ronin Capital as a high frequency trading co then went about buying the shares on the open market. [1][2], Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Ronin is owned by John Stafford III and his father, John Stafford Jr. 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. 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/). With over 1,900 locations, Dignity Memorial providers proudly serve over 400,000 families a year. Sign up for service and obituary updates. Jack was a Pressman for the Star-Ledger in Newark (later Montville) for close to 50 years before retiring. Forbes. Copyright 2015-2023 Alphacution Research Conservatory, LLC | Design by, By signing up, you acknowledge that you have read the, Poof! The company was involved in proprietary trading operations and venture capital investments. 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. $300M+ Equity Capital Deployed. 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. This site is provided as a service of SCI Shared Resources, LLC. ). 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According to the Bureaus order, NRIA and its principals touted the NRIA Fund as a billion-dollar-plus real estate development enterprise focused on the ground-up development of townhomes, condominium complexes, luxury residences, and mixed-use rental developments. 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 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. Ronin Capital is a private company that has been in the industry for 22 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. He is a 30-year veteran of the proprietary, quantitative and . Overall downtown office vacancy midway through the year also hit its highest mark since 2011, CBRE data shows. Additional sources said Ronins problems stemmed from positions in futures tied to theCBOE Volatility Index (VIX)." [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. 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. Arthur Scutaro, of Bloomfield, executive vice-president of project management and advisor to the NRIA Fund. John A. Niznik, age 56, of Secaucus, New Jersey passed away suddenly on Monday, January 16th, 2023. Xencor, Inc.. 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