ronin capital john stafford

It may take up to 1 hour for your comment to appear on the website. Rego et al. 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. This site is provided as a service of SCI Shared Resources, LLC. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. 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Board of Directors. Ronin is owned by John Stafford III and his father, John Stafford Jr. Enterprise subscriptions include premium access to published content, unlimited logins for employees, and report downloads. Great grandfather of Steven, Anthony, Juliana, Annabelle, Aubrey, Ryan and Carly. 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. River North Point 350 N Orleans St, Chicago, Illinois, 60654, United States 180 $46.2 M Finance, Lending & Brokerage Get Full Profile Access The FTC permanently enjoined Salzano from similar fraudulent conduct in the future. Click below to see everything we have to offer. About John Stafford. It may take up to 1 hour for your comment to appear on the website. Leave a memory or share a photo or video below to show your support. Company Description:? Overall downtown office vacancy midway through the year also hit its highest mark since 2011, CBRE data shows. Jack was a Pressman for the Star-Ledger in Newark (later Montville) for close to 50 years before retiring. John is pre-deceased by his parents, John & Marie Mason (nee Strain). 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 . Additional sources said Ronin's problems stemmed from positions in futures tied to the CBOE Volatility Index (VIX)." 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 billboard messaging guaranteed returns of 12 percent on the investments, with the added possibility of obtaining returns as high as 21 percent. Do Not Sell or Share My Personal Information. Key People ALL RIGHTS RESERVED. Remember Or log in with Google Twitter Facebook Apple Sign up The move forced the exchange to step in and invoke its emergency protocols to auction off the portfolios. He was an avid fan of the Miami Dolphins and the New York Yankees. Ronin Capital, based in Chicago, was confirmed to be the firm in question, according to sources. What will happen to Invest South/West, LaSalle Street revival without Lightfoot? Meet the Team 5. Working as a Team . Today, we are taking action to stop their unlawful conduct and to put the public on notice. Why Chicago's wealthy are into this little hedge fund. 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. Help tell the story of your loved ones unique life. 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. 6 Jul 2020. Ronin Capital, based in Chicago, was confirmed to be the firm in question, according to sources. The majority owner of Ronin Capital is Zen Holdings, LLC. The Company offers portfolio management, capital raising, financial planning, and advisory services. org=OCA Ventures. 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. All rights reserved. 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. 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. and organizational developments. / Ronin Capital, LLC; Ronin Capital, LLC. If an investment opportunity promising high guaranteed returns sounds too good to be true, it usually is.. 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. 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. Ronin Capital Location River North Point 350 N Orleans St, Chicago, Illinois, 60654, United States Description Industry Finance General Finance These respondents offered investors a securities opportunity that sounded too good to be true, and it was.. {{{name}}}. 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. 21. Sign up for service and obituary updates. 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. 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. 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. John S. Stafford III serves as Independent Director of the Company. Company Number 200426810387 Status Terminated Incorporation Date 23 September 2004 (over 18 years ago) Dissolution Date 15 July 2020 . 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. Rehab facility planned for River North redevelopment, Why biotech is a bright spot on Chicago's real estate scene now. The company was involved in proprietary trading . John worked for the Secaucus public school system for many years. 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. 1-877-812-1590. 4-Traders.com. [4] He was the lead advisor to Xencor and at one time owned 25% of the company's stock. Send a note, share a story or upload a photo. OUR PRIORITY. E-mail oureditor John A. Niznik, age 56, of Secaucus, New Jersey passed away suddenly on Monday, January 16th, 2023. Stafford Trading was acquired by TD Options in 2001. Additional sources said Ronins problems stemmed from positions in futures tied to theCBOE Volatility Index (VIX)." [1][2] Background Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. 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/). - 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. Assets of Chicago trading firm Ronin Capital were. RONIN CAPITAL, LLC is an Oregon Foreign Limited-Liability Company filed on October 30, 2003. YOUR SUCCESS. 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. 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 . With over 1,900 locations, Dignity Memorial providers proudly serve over 400,000 families a year. John (Jack) E. Mason, Sr., 88, of Secaucus, NJ, formerly of Jersey City, NJ entered eternal rest on January 18, 2023. 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. Ronin Capital is part of the Finance industry, and located in Illinois, United States. Key Principal: John S Stafford See more contacts Industry: Security brokers and dealers. 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. 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 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. CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. Send a note, share a story or upload a photo. Let others know about your loved one's death. RONIN CAPITAL, LLC branch. [1] [2] Background [ edit] Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. SI-NO CHANGE view. The company was involved in proprietary trading operations and venture capital investments. 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. Overview. 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. The trading firm, which traded at CME, was "unable to meet its capital requirements." . (1) 551,532 shares are held by Ronin Trading, LLC ("Ronin Trading"), a limited liability company owned and managed by Stafford. Your entry has exceeded the maximum character limit. 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. 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. 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. The position of the CEO is occupied by John S. Stafford. Fond memories and expressions of sympathy may be shared at www.MackMemorialhome.com for the Niznik family. The investigation by the Bureau of Securities was conducted by Chief of Enforcement Richard Szuch, and Investigator Irwin Slotnick. [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. CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. Ronin Capital serves customers worldwide. 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. 2022 Capital Staffing Solutions, Inc. | Phone: (800) 205-4923. Both NRIA and the NRIA Fund have initiated Chapter 11 bankruptcy proceedings. John Stafford III couldn't be reached.Crain's senior reporter Lynne Marek contributed. Sign up for service and obituary updates. 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. Help tell the story of your loved ones unique life. {{{org}}}. 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. Stafford Trading was acquired by TD Options in 2001.[3]. 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. Suite 3200 Ronin Equity Partners is a private equity firm in New York City that is transforming traditional private equity as we know it. It was a proprietary trading firm that traded only for its owners and not for clients.[4]. Do Not Sell or Share My Personal Information. 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. 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, which traded at CME, was one of many proprietary trading firms in Chicago that trade for its owners and not clients. Forbes. Founder of Zen Investments LLC and Ronin Capital LLC, John Springs Stafford presently holds the position of Chief Executive Officer of Ronin Capital LLC. Chicago, IL 60601 The company was involved in proprietary trading operations and venture capital investments. Let others know about your loved one's death. Ronin Capital assets auctioned. Xencor, Inc.. Your entry has exceeded the maximum character limit. Background 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. Acquisitions Completed. Arthur Scutaro, of Bloomfield, executive vice-president of project management and advisor to the NRIA Fund. Missing Crain's in print? This page was last edited on 3 June 2017, at 14:50. 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 Industry, and located in Illinois, United States obtaining returns as as! Independent Director of the Finance industry, and Investigator Irwin Slotnick have to offer families a year for. 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