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 company's principal address is 230 S . [1][2] These respondents offered investors a securities opportunity that sounded too good to be true, and it was.. 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. Beloved husband of Betty Mason (nee Hart) for 67 years. 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 . 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. 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. CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. 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. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Investors can also contact the Bureau for assistance or raise issues or complaints about New Jersey-based financial professionals or investments. 27. Ronin Capital is part of the Finance industry, and located in Illinois, United States. YOUR BUSINESS. Company Number 200426810387 Status Terminated Incorporation Date 23 September 2004 (over 18 years ago) Dissolution Date 15 July 2020 . 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. He was an avid fan of the Miami Dolphins and the New York Yankees. The majority owner of Ronin Capital is Zen Holdings, LLC. This site is provided as a service of SCI Shared Resources, LLC. Jack was a Pressman for the Star-Ledger in Newark (later Montville) for close to 50 years before retiring. 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[1][2] Background Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. ). 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 Capital, based in Chicago, was confirmed to be the firm in question, according to sources. 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. [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. He is a strategic advisor to OCA Ventures. All rights reserved. ALL RIGHTS RESERVED. With over 1,900 locations, Dignity Memorial providers proudly serve over 375,000 families a year. Board Director Invests $1.5 Million in Xencor Inc (XNCR) Amid the IPO. Ronin Capital serves customers worldwide. 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. 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 was a proprietary trading firm that traded only for its owners and not for clients. He was a lifetime parishioner, longtime usher, and volunteer for Immaculate Conception R.C. Forbes. Ronin Capital LLC operates as an institutional brokerage firm. Mr. Stafford is also on the board of Aware,. 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. 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. This site is provided as a service of SCI Shared Resources, LLC. The readiness is all." Trading firms are required by the exchange to make payments to back up their positions. 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. 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 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. River North Point 350 N Orleans St, Chicago, Illinois, 60654, United States 180 $46.2 M Finance, Lending & Brokerage Get Full Profile Access CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. 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. John Stafford III, the CEO of Ronin Capital, LLC. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. 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. 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. Additional sources said Ronin's problems stemmed from positions in futures tied to the CBOE Volatility Index (VIX)." {{{org}}}. Recent filings for 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. 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. Sign up for service and obituary updates. John is pre-deceased by his parents, John & Marie Mason (nee Strain). John S. Stafford, Jr. is a co-founder of Ronin Capital. Company Description:? Stafford Trading was acquired by TD Options in 2001.[3]. Key Principal: John S Stafford See more contacts Industry: Security brokers and dealers. 6 Jul 2020. Help tell the story of your loved ones unique life. He is a 30-year veteran of the proprietary, quantitative and . Platform Investments. 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. [1][2], Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. CME said the firm was unable to meet its capital requirements going forward. Copyright 2015-2023 Alphacution Research Conservatory, LLC | Design by, By signing up, you acknowledge that you have read the, Poof! Send a note, share a story or upload a photo. YOUR SUCCESS. The move forced the exchange to step in and invoke its emergency protocols to auction off the portfolios. 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. Both NRIA and the NRIA Fund have initiated Chapter 11 bankruptcy proceedings. The Bureau of Securities is charged with protecting investors from investment fraud and regulating the securities industry in New Jersey. 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. 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. The number of employees ranges from 25 to 100. Overview. Background The billboard messaging guaranteed returns of 12 percent on the investments, with the added possibility of obtaining returns as high as 21 percent. 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. 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. With over 1,900 locations, Dignity Memorial providers proudly serve over 400,000 families a year. OUR PRIORITY. Stafford graduated from the University of Chicago. John Stafford III couldn't be reached.Crain's senior reporter Lynne Marek contributed. 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. Do Not Sell or Share My Personal Information. The company's filing status is listed as Inactive and its File Number is 180984-91. 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/). John A. Niznik, age 56, of Secaucus, New Jersey passed away suddenly on Monday, January 16th, 2023. Devoted father of John Mason and his wife Coleen, the late Jacqueline Lesh-Franks and her husband Al. The company was involved in proprietary trading operations and venture capital investments. Read the John Lothian Newsletter. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. Working as a Team . 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. He is a strategic advisor to OCA Ventures. Send a note, share a story or upload a photo. The FTC permanently enjoined Salzano from similar fraudulent conduct in the future. Chicago, IL 60601 The Company offers portfolio management, capital raising, financial planning, and advisory services. Today, we are taking action to stop their unlawful conduct and to put the public on notice. 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. [3] Xencor 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. Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Crain's Chicago Business. Board of Directors. What will happen to Invest South/West, LaSalle Street revival without Lightfoot? No thanks. 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. 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. Click here to get the full experience on your screen. Arthur Scutaro, of Bloomfield, executive vice-president of project management and advisor to the NRIA Fund. 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 space. Mr. John S. Stafford III serves as Independent Director of the Company. Rego et al. Xencor, Inc.. Ronin Capital, based in Chicago, was confirmed to be the firm in question, according to sources. [1][2] Background Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. The company was involved in proprietary trading . Education / Ronin Capital, LLC; Ronin Capital, LLC. RONIN CAPITAL, LLC is an Oregon Foreign Limited-Liability Company filed on October 30, 2003. 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. A Mass of Christian Burial will occur Saturday at 9:30 AM at . org=OCA Ventures. Leave a memory or share a photo or video below to show your support. Help tell the story of your loved ones unique life. Stafford graduated from the University of Chicago. About John Stafford. 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. Don't miss Crain's in printright on your screen. 7+ Years. Jack was a Pressman for the Star-Ledger in Newark (later Montville) for close to 50 years before retiring. Loving uncle to many nieces, nephews, great nieces, great nephews, great-great nieces and great-great nephews. The company was involved in proprietary trading . CANCELLATION view. 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. Ronin applied at the end of July to withdraw its broker registration, and it was formally withdrawn Aug. 6, FINRA records show. 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. 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. 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.