Crain's Chicago Business. 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. 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. Ronin Capital chose SR Labs low latency market data product offering for its high frequency trading and automated market making business. Ronin Capital is a private company that has been in the industry for 22 years. Ronin Capital assets auctioned. Beloved husband of Betty Mason (nee Hart) for 67 years. Website. 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. ). 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'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. This site is provided as a service of SCI Shared Resources, LLC. / Ronin Capital, LLC; Ronin Capital, LLC. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. 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. Such swings can generate big gains for trading firms or crush them if they're on the wrong side of a big bet. 1-877-812-1590. [8] Business Leaders. CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. 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. [1][2] 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. Leave a memory or share a photo or video below to show your support. 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. 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. Company Description:? 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. [1][2], Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. 4-Traders.com. 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. Great grandfather of Steven, Anthony, Juliana, Annabelle, Aubrey, Ryan and Carly. Copyright 2015-2023 Alphacution Research Conservatory, LLC | Design by, By signing up, you acknowledge that you have read the, Poof! E-mail oureditor 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 [1][2] Background Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Leave a memory or share a photo or video below to show your support. The position of the CEO is occupied by John S. Stafford. 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. The investigation by the Bureau of Securities was conducted by Chief of Enforcement Richard Szuch, and Investigator Irwin Slotnick. The machine readable files are formatted to allow researchers, regulators, and application developers to more easily access and analyze data. 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. References Overview. 7+ Years. The Bureau found that NRIA also leveraged the junk bonds through repurchase agreements with financial institutions. The Overlooked Tycoons Playing Pebble Beach With Justin Timberlake And Bill Murray. Blackstone, and 3G Capital. 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. 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/). Ronin Capital is part of the Finance industry, and located in Illinois, United States. Board Director Invests $1.5 Million in Xencor Inc (XNCR) Amid the IPO. 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. 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. 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. [3] The company's principal address is 230 S . The company's filing status is listed as Inactive and its File Number is 180984-91. 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 . With over 1,900 locations, Dignity Memorial providers proudly serve over 375,000 families a year. Additional sources said Ronin's problems stemmed from positions in futures tied to the CBOE Volatility Index (VIX)." It was a proprietary trading firm that traded only for its owners and not for clients. Ronin Capital, based in Chicago, was confirmed to be the firm in question, according to sources. 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. No thanks. Today, we are taking action to stop their unlawful conduct and to put the public on notice. 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. Trading firms are required by the exchange to make payments to back up their positions. Xencor, Inc.. 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Loving uncle to many nieces, nephews, great nieces, great nephews, great-great nieces and great-great nephews. CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. John (Jack) E. Mason, Sr., 88, of Secaucus, NJ, formerly of Jersey City, NJ entered eternal rest on January 18, 2023. org=OCA Ventures. 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. John is pre-deceased by his parents, John & Marie Mason (nee Strain). 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. 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. Sign up for our newsletter and stay up to date on all Alphacution research Platform Investments. 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. Fond memories and expressions of sympathy may be shared at www.MackMemorialhome.com for the Niznik family. 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 Company offers portfolio management, capital raising, financial planning, and advisory services. 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. Cease & Desist Order. Why Chicago's wealthy are into this little hedge fund. 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. Ronin Capital Location River North Point 350 N Orleans St, Chicago, Illinois, 60654, United States Description Industry Finance General Finance 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 is owned by John Stafford III and his father, John Stafford Jr. 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. Printer Friendly View Address: 5758 W Fillmore St . Founder of Zen Investments LLC and Ronin Capital LLC, John Springs Stafford presently holds the position of Chief Executive Officer of Ronin Capital LLC. 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. Overall downtown office vacancy midway through the year also hit its highest mark since 2011, CBRE data shows. 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. Send a note, share a story or upload a photo. 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. He was a veteran of the United States Army, a member of the Knights of Columbus, American Legion, The Catholic War . John (Jack) E. Mason, Sr., 88, of Secaucus, NJ, formerly of Jersey City, NJ entered eternal rest on January 18, 2023. Is this your business? Ronin, owned by John Stafford III and his father, John Stafford Jr . If you opt in above we use this information to send related content. Investors can also contact the Bureau for assistance or raise issues or complaints about New Jersey-based financial professionals or investments. 2023 SCI SHARED RESOURCES, LLC. Do Not Sell or Share My Personal Information. Stafford graduated from the University of Chicago. This page was last edited on 23 March 2020, at 19:11. {{{org}}}. Help tell the story of your loved ones unique life. John S. Stafford, Jr. is a co-founder of Ronin Capital. John worked for the Secaucus public school system for many years. It was a proprietary trading firm that traded only for its owners and not for clients.[4]. CME said the firm was unable to meet its capital requirements going forward. 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. [5][6][7], Ronin is an avid golfer, with a reported 8 handicap, who has participated in the Pebble Beach Pro-Am.[8]. The FTC permanently enjoined Salzano from similar fraudulent conduct in the future. OUR PRIORITY. 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. Church here in town. 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. [3], Ronin is owned by John Stafford III and his father, John Stafford Jr. 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. The trading firm, which traded at CME, was "unable to meet its capital requirements." . We visit more than 100 websites daily for financial news (Would YOU do that?). What will happen to Invest South/West, LaSalle Street revival without Lightfoot? Let others know about your loved one's death. Both NRIA and the NRIA Fund have initiated Chapter 11 bankruptcy proceedings. Click here to get the full experience on your screen. All rights reserved. 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. These respondents offered investors a securities opportunity that sounded too good to be true, and it was.. Here's a look at our key highlights as a firm. 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. John Stafford III, the CEO of Ronin Capital, LLC. (1) 551,532 shares are held by Ronin Trading, LLC ("Ronin Trading"), a limited liability company owned and managed by Stafford. Company Number 200426810387 Status Terminated Incorporation Date 23 September 2004 (over 18 years ago) Dissolution Date 15 July 2020 . Fillmore St unable to meet its Capital requirements going forward Steven, Anthony, Juliana,,! 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