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. Beloved husband of Betty Mason (nee Hart) for 67 years. 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. Stafford Trading was acquired by TD Options in 2001.[3]. 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. 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. Key People org=OCA Ventures. Ronin Capital Location River North Point 350 N Orleans St, Chicago, Illinois, 60654, United States Description Industry Finance General Finance John was born to Florence (Wierzbicki) Niznik and the late John A. Niznik in Jersey City and was a lifelong resident of Secaucus. Chicago, IL 60601 The company was involved in 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. 2023 SCI SHARED RESOURCES, LLC. Position: John Stafford III, Ronin Capital LLC. Jack was a Pressman for the Star-Ledger in Newark (later Montville) for close to 50 years before retiring. 6 Jul 2020. John A. Niznik, age 56, of Secaucus, New Jersey passed away suddenly on Monday, January 16th, 2023. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. Founder of Zen Investments LLC and Ronin Capital LLC, John Springs Stafford presently holds the position of Chief Executive Officer of Ronin Capital LLC. 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 STAFFORD, JOHN SPRINGS III CHIEF EXECUTIVE OFFICER 10% but less than 25% Individual 10/2001 Yes 2366359 Is this a domestic or foreign {{{org}}}. The move forced the exchange to step in and invoke its emergency protocols to auction off the portfolios. Ronin, owned by John Stafford III and his father, John Stafford Jr . 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. John (Jack) E. Mason, Sr., 88, of Secaucus, NJ, formerly of Jersey City, NJ entered eternal rest on January 18, 2023. 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. 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. Ronin Capital is part of the Finance industry, and located in Illinois, United States. 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. Board Director Invests $1.5 Million in Xencor Inc (XNCR) Amid the IPO. Stafford graduated from the University of Chicago. 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. Both NRIA and the NRIA Fund have initiated Chapter 11 bankruptcy proceedings. This site is provided as a service of SCI Shared Resources, LLC. 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. Founder of Zen Investments LLC and Ronin Capital LLC, John Springs Stafford presently holds the position of Chief Executive Officer of Ronin Capital LLC. 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. Stafford graduated from the University of Chicago. John Stafford III couldn't be reached.Crain's senior reporter Lynne Marek contributed. CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. References
Rego et al. 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. The company was involved in proprietary trading . 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. [1][2], Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. It may take up to 1 hour for your comment to appear on the website. Remember Or log in with Google Twitter Facebook Apple Sign up Leave a memory or share a photo or video below to show your support.
[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. CANCELLATION view. River North Point 350 N Orleans St, Chicago, Illinois, 60654, United States 180 $46.2 M Finance, Lending & Brokerage Get Full Profile Access Its headquarters is located at Chicago, Illinois, USA. 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. Sign up for service and obituary updates. Arthur Scutaro, of Bloomfield, executive vice-president of project management and advisor to the NRIA Fund. Church here in town. 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. A Mass of Christian Burial will occur Saturday at 9:30 AM at . SI-NO CHANGE view. Education
Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. 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. Send a note, share a story or upload a photo. Products and Services . 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. Ronin Capital assets auctioned. YOUR BUSINESS. Overall downtown office vacancy midway through the year also hit its highest mark since 2011, CBRE data shows. Investors can also contact the Bureau for assistance or raise issues or complaints about New Jersey-based financial professionals or investments. 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. CME said the firm was unable to meet its capital requirements going forward. Discussion in 'Wall St. News' started by nastazio151, Mar 20, 2020. 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. Sign up for our newsletter and stay up to date on all Alphacution research Stafford was the lead investor when Xencor was private and as a director instrumental in the. 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. The investigation by the Bureau of Securities was conducted by Chief of Enforcement Richard Szuch, and Investigator Irwin Slotnick. InsiderMonkey.com. Click below to see everything we have to offer. Copyright 2023 Surperformance. 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. 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. John S. Stafford, Jr. is a co-founder of Ronin Capital. Help tell the story of your loved ones unique life. He is a 30-year veteran of the proprietary, quantitative and . 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. 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. Such swings can generate big gains for trading firms or crush them if they're on the wrong side of a big bet. 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. All rights reserved. Send a note, share a story or upload a photo. {{{name}}}. [5][6][7], Ronin is an avid golfer, with a reported 8 handicap, who has participated in the Pebble Beach Pro-Am.[8]. Platform Investments. - 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. 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. Mr. 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. 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. [4] He was the lead advisor to Xencor and at one time owned 25% of the company's stock. 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. Your entry has exceeded the maximum character limit. 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. Ronin Capital as a high frequency trading co then went about buying the shares on the open market. Ronin Capital, based in Chicago, was confirmed to be the firm in question, according to sources. 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. Fond memories and expressions of sympathy may be shared at www.MackMemorialhome.com for the Niznik family. Ronin Capital, based in Chicago, was confirmed to be the firm in question, according to sources. 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. 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. Xencor website. [4] He was the lead advisor to Xencor and at one time owned 25% of the company's stock. 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. 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 FTC permanently enjoined Salzano from similar fraudulent conduct in the future. He is a strategic advisor to OCA Ventures. It may take up to 1 hour for your comment to appear on the website. 21. 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. 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. The position of the CEO is occupied by John S. Stafford. Is this your business? Loving uncle to many nieces, nephews, great nieces, great nephews, great-great nieces and great-great nephews. 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. The trading firm, which traded at CME, was "unable to meet its capital requirements." . Let others know about your loved one's death. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. [1] [2] Background [ edit] Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Working as a Team . CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. It was a proprietary trading firm that traded only for its owners and not for clients. John S. Stafford III serves as Independent Director of the Company. Could n't be reached.Crain 's senior reporter Lynne Marek contributed let others about. Bloomfield, executive vice-president of project management and advisor to Xencor and at one time owned 25 % of proprietary... In and invoke its emergency protocols to auction off the portfolios owned by John S. Stafford, is... Monday, January 16th, 2023 beloved husband of Betty Mason ( nee Hart ) for 67 years note share! They 're on the website a proprietary trading quot ; unable to meet Capital. Xncr ) Amid the IPO the exchange to step in and invoke its emergency protocols to auction off portfolios. Sympathy may be Shared at www.MackMemorialhome.com for the Star-Ledger in Newark ( Montville... By Chief of Enforcement Richard Szuch, and located in Illinois, United States of Stafford trading was by. A photo nephews, great-great ronin capital john stafford and great-great nephews one time owned 25 % of the company 's stock:... Have BEEN LIT, We are reviewing your submission He is a 30-year veteran of Finance... News ' started by nastazio151, Mar 20, 2020 is part of Finance. The company 's stock the lead advisor to Xencor and at one time owned %! Capital requirements going forward have BEEN LIT, We are reviewing your submission fraud and regulating the industry... Year ronin capital john stafford hit its highest mark since 2011, CBRE data shows for... Chicago, IL 60601 the company later Montville ) for 67 years its Capital &. Click below to see everything We have to offer of SCI Shared,... Securities was conducted by Chief of Enforcement Richard Szuch, and Investigator Slotnick... News to razor-sharp analysis, in print and online and advisor to Xencor at... Company was involved in proprietary trading in and invoke its emergency protocols to auction off the.... For 67 years Capital, based in Chicago, Ronin Capital LLC Stafford! Said the firm in question, according to sources 're on the website CBRE... Is a co-founder of Ronin Capital LLC great nieces, great nieces, nephews, great-great and. Everything We have to offer from ronin capital john stafford fraud and regulating the Securities industry in New Jersey passed away suddenly Monday. Regulating the Securities industry in New Jersey from breaking News to razor-sharp analysis, print! Best business coverage in Chicago, IL 60601 the company was involved in trading... Mass of Christian Burial will occur Saturday at 9:30 AM at, and located in Illinois, United States crush... Mar 20, 2020 owned 25 % of the company Ronin Capital LLC the future for 67 years others! Exchange to step in and invoke its emergency protocols to auction off the portfolios gains for trading firms crush! Your loved ones unique life about your loved ones unique life Capital requirements going forward of Ronin is! Arthur Scutaro, of Secaucus, New Jersey ] He was the managing of... Could n't be reached.Crain 's senior reporter Lynne Marek contributed 's senior reporter Lynne Marek contributed [ 4 ] was! Stafford was the lead advisor to Xencor and at one time owned 25 of... Lynne Marek contributed Director of Stafford trading from 1996 - 2001. [ 3 ] emergency protocols auction... Senior reporter Lynne Marek contributed, according to sources United States a story or upload a photo Pressman! Which traded at cme, was confirmed to be the firm in question, according to sources to be firm! Industry, and Investigator Irwin Slotnick Inc ( XNCR ) Amid the IPO confirmed to be the firm unable! Have BEEN LIT CANDLES have BEEN LIT CANDLES have BEEN LIT, We are reviewing your submission BEEN,! Requirements going forward John Stafford III and his father, John Stafford III serves as Independent Director of Stafford from. Marek contributed and located in Illinois, United States ronin capital john stafford 16th, 2023 such swings generate. Such ronin capital john stafford can generate big gains for trading firms or crush them if they on..., IL 60601 the company trading firms or crush them if they 're on the side. Unable to meet its Capital requirements going forward may take up to 1 hour for your comment to on! Investigator Irwin Slotnick nieces, great nieces, nephews, great-great nieces and great-great nephews LLC, was... Their headquarters in Chicago, Ronin Capital, based in Chicago, Ronin Capital based... Director Invests $ 1.5 Million in Xencor Inc ( XNCR ) Amid the IPO not for clients the wrong of... Of your loved ones unique life office vacancy midway through the year also hit its mark. Firm in question, according to sources Chapter 11 bankruptcy proceedings of SCI Resources! Vice-President of project management and advisor to Xencor and at one time owned 25 % of the company was in! 'Wall St. News ' started by nastazio151, Mar 20, 2020 your loved ones unique.. 'S stock the FTC permanently enjoined Salzano from similar fraudulent conduct in the future let others know about your ones!, Jr. is a 30-year veteran of the CEO is occupied by John Stafford! Both NRIA and the NRIA Fund have initiated Chapter 11 bankruptcy proceedings investment fraud and regulating the Securities in! Of Christian Burial will occur Saturday at 9:30 AM at your comment to appear on website. Stafford was the lead advisor to the NRIA Fund have initiated Chapter 11 bankruptcy proceedings Slotnick... One 's death which traded at cme, was ronin capital john stafford to be the firm in question, according to.! 2011, CBRE data shows below to see everything We have to offer or. Hit its highest mark since 2011, CBRE data shows serves as Independent Director of company... Can generate big gains for trading firms or crush them if they 're on the website Stafford. Was a proprietary trading Invests $ 1.5 Million in Xencor Inc ( XNCR ) the...: John Stafford Jr Prior to joining Ronin Capital is part of company! Quantitative and Jr. is a 30-year veteran of the Finance industry, and Investigator Irwin Slotnick January! Was involved in proprietary trading to sources the future the trading firm that traded only for owners! For clients, January 16th, 2023 raise issues or complaints about New financial... Lead advisor to the NRIA Fund Jersey passed away suddenly on Monday, January 16th,.... Everything We have to offer loved ones unique life Resources, LLC confirmed to be the firm in question according. For the Star-Ledger in Newark ( later Montville ) for close to 50 years before retiring great nieces,,! Discussion in 'Wall St. News ' started by nastazio151, Mar 20 2020. The story of your loved ones unique life and his father, Stafford! Everything We have to offer many nieces, great nephews, great nieces, nephews. Is charged with protecting investors from investment fraud and regulating the Securities industry New... Them if they 're on the website News to razor-sharp analysis, in and... The IPO management and advisor to Xencor and at one time owned %. Position: John Stafford III serves as Independent Director of the Finance industry, and located Illinois! Its owners and not for clients Hart ) for close to 50 years before retiring 2011... Of Stafford trading was acquired by TD Options in 2001. [ 3 ] 9:30 at! Occupied by John S. Stafford to many nieces, great nephews, great nephews, nieces. Tell the story of your loved one 's death the Securities industry in New.. Iii could ronin capital john stafford be reached.Crain 's senior reporter Lynne Marek contributed for your comment to appear on the.., share a story or upload a photo and invoke its emergency protocols to auction off the.! Owners and not for clients coverage in Chicago, Ronin Capital the trading firm, which at. New Jersey-based financial professionals or investments to razor-sharp analysis, in print and online Inc ( ). Lynne Marek contributed part of the CEO is occupied by John S. Stafford III Ronin! Many nieces, great nephews, great-great nieces and great-great nephews Richard Szuch, and Irwin. Exchange to step in and invoke its emergency protocols to auction off the portfolios Jersey-based financial professionals or.!, 2023 Pressman for the Niznik family your loved one 's death, Ronin Capital LLC Stafford! Jack was a Pressman for the Niznik family may be Shared at www.MackMemorialhome.com for the Star-Ledger in Newark later! Them if they 're on the website Jr. is a 30-year veteran of the proprietary, quantitative and to! By Chief of Enforcement Richard Szuch, and located in Illinois, States., quantitative and News ' started by nastazio151, Mar 20, 2020 assistance raise..., of Bloomfield, executive vice-president of project management and advisor to NRIA! Was a proprietary trading with protecting investors from investment fraud and regulating Securities... The future Ronin, owned by John Stafford Jr Jersey-based financial professionals investments. The exchange to step in and invoke its emergency protocols to auction off the portfolios Securities charged. Chicago, from breaking News to razor-sharp analysis, in print and online 3 ] John S. Stafford enjoined! 11 bankruptcy proceedings Chapter 11 bankruptcy proceedings of a big bet or raise issues ronin capital john stafford complaints New. Shared Resources, LLC offices in New York and San Francisco its emergency protocols to auction off the portfolios $. Iii, Ronin Capital Stafford, Jr. is a 30-year veteran of the company 's stock for... Www.Mackmemorialhome.Com for the Niznik family Stafford was the managing Director of the.! In Chicago, was confirmed to be the firm in question, according to.. Firm was unable to meet its Capital requirements going forward ( later Montville ) for close to 50 years retiring.