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OUR PRIORITY. Board Director Invests $1.5 Million in Xencor Inc (XNCR) Amid the IPO. With over 1,900 locations, Dignity Memorial providers proudly serve over 375,000 families a year. Blackstone, and 3G Capital. 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 CANCELLATION view. 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. CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. Stafford graduated from the University of Chicago. Ronin was a direct clearing firm for CME. / Ronin Capital, LLC; Ronin Capital, LLC. John S. Stafford III serves as Independent Director of the Company. Ronin Capital chose SR Labs low latency market data product offering for its high frequency trading and automated market making business. 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. Ronin Capital chose SR Labs low latency market data product offering for its high frequency trading and automated market making business. 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. About John Stafford. 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. The Overlooked Tycoons Playing Pebble Beach With Justin Timberlake And Bill Murray. 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. This site is provided as a service of SCI Shared Resources, LLC. 1-877-812-1590. John Stafford III, the CEO of Ronin Capital, LLC. - 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. 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. (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. Click below to see everything we have to offer. Let others know about your loved one's death. 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. Missing Crain's in print? 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 . [4] He was the lead advisor to Xencor and at one time owned 25% of the company's stock. 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. Forbes. Working as a Team . The trading firm, which traded at CME, was "unable to meet its capital requirements." . Ronin Capital serves customers worldwide. Discussion in 'Wall St. News' started by nastazio151, Mar 20, 2020. YOUR SUCCESS. Leave a memory or share a photo or video below to show your support. CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. 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. RONIN CAPITAL, LLC is an Oregon Foreign Limited-Liability Company filed on October 30, 2003. 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. He is a 30-year veteran of the proprietary, quantitative and . 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. Printer Friendly View Address: 5758 W Fillmore St . John Stafford III couldn't be reached.Crain's senior reporter Lynne Marek contributed. [1][2], Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Position: John Stafford III, 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 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 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. The company was involved in proprietary trading . Platform Investments. JOHN STAFFORD III; Registry Page https://bizfileonline.sos.ca.gov/sear. Ronin Capital is a private company that has been in the industry for 22 years. He is a strategic advisor to OCA Ventures. I already receive Alphacution newsletters. 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. Leave a memory or share a photo or video below to show your support. [5][6][7], Ronin is an avid golfer, with a reported 8 handicap, who has participated in the Pebble Beach Pro-Am.[8]. Website. ALL RIGHTS RESERVED. The company was involved in proprietary trading operations and venture capital investments. 7+ Years. Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Sign up for our newsletter and stay up to date on all Alphacution research 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. 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. Acquisitions Completed. Read the John Lothian Newsletter. The move forced the exchange to step in and invoke its emergency protocols to auction off the portfolios. 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 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 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. 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. With over 1,900 locations, Dignity Memorial providers proudly serve over 400,000 families a year. 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. Stafford graduated from the University of Chicago. Church here in town. 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. Your entry has exceeded the maximum character limit. Fond memories and expressions of sympathy may be shared at www.MackMemorialhome.com for the Niznik family. He was an avid fan of the Miami Dolphins and the New York Yankees. Additional sources said Ronin's problems stemmed from positions in futures tied to the CBOE Volatility Index (VIX)." No thanks. Business Leaders. 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. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. The company currently specializes in the Financial Services area. Ronin Capital is part of the Finance industry, and located in Illinois, United States. The readiness is all." by NJOAG Communications | Jun 21, 2022 | National Realty Investment Advisors | Nationwide Securities Fraud | New Jersey Bureau of Securities | Bureau of Securities | Consumer Protection | Division of Consumer Affairs | Division of Law | Press Release |, Office of the Attorney General Matthew J. Platkin, Acting Attorney GeneralDivision of Consumer Affairs Cari Fais, Acting DirectorBureau of Securities Amy G. Kopleton, Acting Bureau ChiefDivision of Law Michael T.G. Company Number 200426810387 Status Terminated Incorporation Date 23 September 2004 (over 18 years ago) Dissolution Date 15 July 2020 . 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. [1][2] Background 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. The company's principal address is 230 S . John was the current (as well as past) Grand Knight of the Knights of Columbus Council 12769. Send a note, share a story or upload a photo. 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. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. A Mass of Christian Burial will occur Saturday at 9:30 AM at . Jack was a Pressman for the Star-Ledger in Newark (later Montville) for close to 50 years before retiring. [8] 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. Stafford was the lead investor when Xencor was private and as a director instrumental in the. The position of the CEO is occupied by John S. Stafford. The rules are not complicated: if you are selling securities in New Jersey, you must comply with our securities laws, said Acting Division of Consumer Affairs Director Cari Fais. He was a veteran of the United States Army, a member of the Knights of Columbus, American Legion, The Catholic War . 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. 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. 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. 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. [1] [2] Background [ edit] Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Meet the Team 5. 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. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. Trading firms are required by the exchange to make payments to back up their positions. 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. $300M+ Equity Capital Deployed. [1][2] It may take up to 1 hour for your comment to appear on the website. River North Point 350 N Orleans St, Chicago, Illinois, 60654, United States 180 $46.2 M Finance, Lending & Brokerage Get Full Profile Access Stafford Trading was acquired by TD Options in 2001.[3]. These respondents offered investors a securities opportunity that sounded too good to be true, and it was.. Founder of Zen Investments LLC and Ronin Capital LLC, John Springs Stafford presently holds the position of Chief Executive Officer of Ronin Capital LLC. Investors can also contact the Bureau for assistance or raise issues or complaints about New Jersey-based financial professionals or investments. Key People and organizational developments. The Bureau found that NRIA also leveraged the junk bonds through repurchase agreements with financial institutions. Background Xencor, Inc.. Is this your business? 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. Devoted father of John Mason and his wife Coleen, the late Jacqueline Lesh-Franks and her husband Al. 2022 Capital Staffing Solutions, Inc. | Phone: (800) 205-4923. Both NRIA and the NRIA Fund have initiated Chapter 11 bankruptcy proceedings. 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. Get a D&B Hoovers Free Trial. 21. [2] Ronin did not handle customer business, CME said, so no clients incurred losses as a result of the liquidation. Xencor website. It was a proprietary trading firm that traded only for its owners and not for clients.[4]. Today, we are taking action to stop their unlawful conduct and to put the public on notice. 4-Traders.com. 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. The move forced the exchange to step in and invoke its emergency protocols to auction off the portfolios. Ronin Equity Partners is a private equity firm in New York City that is transforming traditional private equity as we know it. 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. [4] He was the lead advisor to Xencor and at one time owned 25% of the company's stock. 15 Jul 2020. Ronin, owned by John Stafford III and his father, John Stafford Jr . Ronin Capital, which traded at CME, was one of many proprietary trading firms in Chicago that trade for its owners and not clients. Mr. This page was last edited on 3 June 2017, at 14:50. 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. Copyright 2015-2023 Alphacution Research Conservatory, LLC | Design by, By signing up, you acknowledge that you have read the, Poof! John (Jack) E. Mason, Sr., 88, of Secaucus, NJ, formerly of Jersey City, NJ entered eternal rest on January 18, 2023. Products and Services . Remember Or log in with Google Twitter Facebook Apple Sign up Rego et al. Sign up for service and obituary updates. . Additional sources said Ronins problems stemmed from positions in futures tied to theCBOE Volatility Index (VIX)." 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. John (Jack) E. Mason, Sr., 88, of Secaucus, NJ, formerly of Jersey City, NJ entered eternal rest on January 18, 2023. Here's a look at our key highlights as a firm. Board of Directors. 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 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. John Stafford has been working as a Chief Executive Officer at Ronin Capital for 22 years. Help tell the story of your loved ones unique life. 6 Jul 2020. 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. 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. Stafford Trading was acquired by TD Options in 2001. Ronin Capital LLC operates as an institutional brokerage firm. 27. Do Not Sell or Share My Personal Information. 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. 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. Ronin Capital assets auctioned. Suite 3200 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. [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. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. Advanced search Log in Forgot password ? The company was involved in proprietary trading operations and venture capital investments. The billboard messaging guaranteed returns of 12 percent on the investments, with the added possibility of obtaining returns as high as 21 percent. Let others know about your loved one's death. 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 . Click here to get the full experience on your screen. John A. Niznik, age 56, of Secaucus, New Jersey passed away suddenly on Monday, January 16th, 2023. It was a proprietary trading firm that traded only for its owners and not for clients. ). John worked for the Secaucus public school system for many years. Ronin is an avid golfer, with a reported 8 handicap, who has participated in the Pebble Beach Pro-Am. 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. He was an avid fan of the Miami Dolphins and the New York Yankees. 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. Said Ronins problems stemmed from positions in futures tied to theCBOE Volatility Index ( )! Edited on 3 June 2017, at 14:50 Amid the IPO opportunity that sounded too to! Leveraged the junk bonds through repurchase agreements with financial institutions the billboard messaging guaranteed returns of 12 percent the! Has participated in the financial Services area Director Invests $ 1.5 Million in Xencor Inc ( XNCR ) Amid IPO. He was the lead advisor to Xencor and at one time owned 25 % of the of. Grand Knight of the company 's stock highest mark since 2011, CBRE data shows you... Unique life straight to your inbox, free of charge Chapter 11 bankruptcy proceedings know it company Number Status... 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