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. Missing Crain's in print? 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. Key Principal: John S Stafford See more contacts Industry: Security brokers and dealers. Ronin Capital chose SR Labs low latency market data product offering for its high frequency trading and automated market making business. The billboard messaging guaranteed returns of 12 percent on the investments, with the added possibility of obtaining returns as high as 21 percent. Arthur Scutaro, of Bloomfield, executive vice-president of project management and advisor to the NRIA Fund. Position: John Stafford III, Ronin Capital LLC. [8] If you opt in above we use this information to send related content. ALL RIGHTS RESERVED. Ronin Capital Location River North Point 350 N Orleans St, Chicago, Illinois, 60654, United States Description Industry Finance General Finance Mr. ). 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. [1] [2] Background [ edit] Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Great grandfather of Steven, Anthony, Juliana, Annabelle, Aubrey, Ryan and Carly. 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 site is provided as a service of SCI Shared Resources, LLC. John S. Stafford III serves as Independent Director of the Company. Send a note, share a story or upload a photo. Ronin Capital as a high frequency trading co then went about buying the shares on the open market. [4] He was the lead advisor to Xencor and at one time owned 25% of the company's stock. 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 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. These respondents offered investors a securities opportunity that sounded too good to be true, and it was.. Click below to see everything we have to offer. 1-877-812-1590. Rego et al. Cease & Desist Order. YOUR BUSINESS. [1][2] Printer Friendly View Address: 5758 W Fillmore St . JOHN STAFFORD III; Registry Page https://bizfileonline.sos.ca.gov/sear. The Company offers portfolio management, capital raising, financial planning, and advisory services. The company currently specializes in the Financial Services area. 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. 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. 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. Ronin is owned by John Stafford III and his father, John Stafford Jr. It may take up to 1 hour for your comment to appear on the website. John Stafford III couldn't be reached.Crain's senior reporter Lynne Marek contributed. org=OCA Ventures. Jack was a Pressman for the Star-Ledger in Newark (later Montville) for close to 50 years before retiring. 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. 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. RONIN CAPITAL, LLC branch. 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. It was a proprietary trading firm that traded only for its owners and not for clients. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. John was born to Florence (Wierzbicki) Niznik and the late John A. Niznik in Jersey City and was a lifelong resident of Secaucus. 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. John worked for the Secaucus public school system for many years. The number of employees ranges from 25 to 100. Board of Directors. [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. Ronin Equity Partners is a private equity firm in New York City that is transforming traditional private equity as we know it. The move forced the exchange to step in and invoke its emergency protocols to auction off the portfolios. Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. 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. Jack was a Pressman for the Star-Ledger in Newark (later Montville) for close to 50 years before retiring. 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 S. Stafford, Jr. is a co-founder of Ronin Capital. 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. 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. He is a strategic advisor to OCA Ventures. 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. Crain's Chicago Business. Do Not Sell or Share My Personal Information. . Stafford Trading was acquired by TD Options in 2001. Education The move forced the exchange to step in and invoke its emergency protocols to auction off the portfolios. Click here to get the full experience on your screen. It was a proprietary trading firm that traded only for its owners and not for clients.[4]. 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. 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. {{{name}}}. 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. Mr. Stafford is also on the board of Aware,. Products and Services . Key Principal: John S Stafford See more contacts Industry: Security brokers and dealers Printer Friendly View Address: 350 E Cermak Rd Chicago, IL, 60616-5507 United States See other locations Phone: Website: www.ronin-capital.com Employees (this site): Modelled ESG ranking: ESG industry average: What is D&B's ESG Ranking? Do Not Sell or Share My Personal Information. Company Number 200426810387 Status Terminated Incorporation Date 23 September 2004 (over 18 years ago) Dissolution Date 15 July 2020 . 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. The company was involved in proprietary trading . 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. 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John (Jack) E. Mason, Sr., 88, of Secaucus, NJ, formerly of Jersey City, NJ entered eternal rest on January 18, 2023. The company was involved in proprietary trading operations and venture capital investments. About John Stafford. Board Director Invests $1.5 Million in Xencor Inc (XNCR) Amid the IPO. 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. Overview. 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. Ronin Capital is a private company that has been in the industry for 22 years. Your entry has exceeded the maximum character limit. $300M+ Equity Capital Deployed. 2022 Capital Staffing Solutions, Inc. | Phone: (800) 205-4923. CANCELLATION view. All rights reserved. Transparency in Coverage. Leave a memory or share a photo or video below to show your support. Don't miss Crain's in printright on your screen. Additional sources said Ronin's problems stemmed from positions in futures tied to the CBOE Volatility Index (VIX)." 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. What will happen to Invest South/West, LaSalle Street revival without Lightfoot? 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. Ronin Capital chose SR Labs low latency market data product offering for its high frequency trading and automated market making business. Long, Director, Media Inquiries-Lee MooreOAGpress@njoag.gov. 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. 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. 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. The trading firm, which traded at CME, was "unable to meet its capital requirements." . The Bureau of Securities is charged with protecting investors from investment fraud and regulating the securities industry in New Jersey. 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. 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 is part of the Finance industry, and located in Illinois, United States. 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. Employers | Job Seekers | What We Do | Who We Are | Contact Us 2022 Capital Staffing Solutions, Inc. | Phone: (800) 205-4923. CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. Website. The Bureau found that NRIA also leveraged the junk bonds through repurchase agreements with financial institutions. 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. 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. 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. 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. Copyright 2023 Surperformance. John was the current (as well as past) Grand Knight of the Knights of Columbus Council 12769. 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. 130 E. Randolph St. Your entry has exceeded the maximum character limit. The Overlooked Tycoons Playing Pebble Beach With Justin Timberlake And Bill Murray. 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. - 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. 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. ALL RIGHTS RESERVED. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. Ronin Capital LLC operates as an institutional brokerage firm. He is a 30-year veteran of the proprietary, quantitative and . Stafford graduated from the University of Chicago. The company's filing status is listed as Inactive and its File Number is 180984-91. With over 1,900 locations, Dignity Memorial providers proudly serve over 375,000 families a year. John A. Niznik, age 56, of Secaucus, New Jersey passed away suddenly on Monday, January 16th, 2023. 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. Sign up for our newsletter and stay up to date on all Alphacution research Here's a look at our key highlights as a firm. Trading firms are required by the exchange to make payments to back up their positions. SI-NO CHANGE view. Fond memories and expressions of sympathy may be shared at www.MackMemorialhome.com for the Niznik family. 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