ronin capital john stafford
This site is provided as a service of SCI Shared Resources, LLC. [1][2] Education Church here in town. 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. 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 space. Fond memories and expressions of sympathy may be shared at www.MackMemorialhome.com for the Niznik family. 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. SI-NO CHANGE view. Trading firms are required by the exchange to make payments to back up their positions. The Bureau found that NRIA also leveraged the junk bonds through repurchase agreements with financial institutions. 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. Loving uncle to many nieces, nephews, great nieces, great nephews, great-great nieces and great-great nephews. - 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. 27. Devoted father of John Mason and his wife Coleen, the late Jacqueline Lesh-Franks and her husband Al. 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 Xencor website. 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. Discussion in 'Wall St. News' started by nastazio151, Mar 20, 2020. Ronin Capital is a private company that has been in the industry for 22 years. References $300M+ Equity Capital Deployed. 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 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 serves customers worldwide. Meet the Team 5. Stafford Trading was acquired by TD Options in 2001. 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. STAFFORD, JOHN SPRINGS III CHIEF EXECUTIVE OFFICER 10% but less than 25% Individual 10/2001 Yes 2366359 Is this a domestic or foreign 15 Jul 2020. He was an avid fan of the Miami Dolphins and the New York Yankees. ). 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 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. Leave a memory or share a photo or video below to show your support. About John Stafford. 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. [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. The position of the CEO is occupied by John S. Stafford. If an investment opportunity promising high guaranteed returns sounds too good to be true, it usually is.. Additional sources said Ronins problems stemmed from positions in futures tied to theCBOE Volatility Index (VIX)." 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. CANCELLATION view. John Stafford has been working as a Chief Executive Officer at Ronin Capital for 22 years. 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. John (Jack) E. Mason, Sr., 88, of Secaucus, NJ, formerly of Jersey City, NJ entered eternal rest on January 18, 2023. The number of employees ranges from 25 to 100. 4-Traders.com. Cease & Desist Order. RONIN CAPITAL, LLC is an Oregon Foreign Limited-Liability Company filed on October 30, 2003. The majority owner of Ronin Capital is Zen Holdings, LLC. 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. 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. 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. ET IS FREE FOR TRADERS BECAUSE OF THE FINANCIAL SUPPORT FROM THESE SPONSORS: Spread Trading Instruction from an experienced professional with references - trade like the Pros, Hedge Funds and Banks, Learn More about Advertising on Elite Trader, https://johnlothiannews.com/trouble-at-ronin/, https://www.linkedin.com/in/jonathan-galin-2035b7b6/, Marketquake: The Volatility of Volatility, (You must log in or sign up to reply here. Let others know about your loved one's death. Assets of Chicago trading firm Ronin Capital were. [8] A Chicago resident with an 8 handicap, Stafford is a member at Evanston Golf Club as well as Tehama and Monterey Peninsula Country Club.. 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. 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. 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. The FTC permanently enjoined Salzano from similar fraudulent conduct in the future. Website. 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. YOUR SUCCESS. Ronin Capital, based in Chicago, was confirmed to be the firm in question, according to sources. Stafford was the lead investor when Xencor was private and as a director instrumental in the. Your entry has exceeded the maximum character limit. 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. Blackstone, and 3G Capital. Great grandfather of Steven, Anthony, Juliana, Annabelle, Aubrey, Ryan and Carly. John Stafford III couldn't be reached.Crain's senior reporter Lynne Marek contributed. / Ronin Capital, LLC; Ronin Capital, LLC. Copyright 2015-2023 Alphacution Research Conservatory, LLC | Design by, By signing up, you acknowledge that you have read the, Poof! Today, we are taking action to stop their unlawful conduct and to put the public on notice. 21. Such swings can generate big gains for trading firms or crush them if they're on the wrong side of a big bet. Loving grandfather of Alexis & Johnna Mason, the late Christopher Bann, Joseph Franks, Danielle Martinez and Tiffany Franks. If you opt in above we use this information to send related content. Chicago, IL 60601 1-877-812-1590. Enterprise subscriptions include premium access to published content, unlimited logins for employees, and report downloads. [4] He was the lead advisor to Xencor and at one time owned 25% of the company's stock. Ronin Capital, based in Chicago, was confirmed to be the firm in question, according to sources. 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/). 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. 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 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. He was a veteran of the United States Army, a member of the Knights of Columbus, American Legion, The Catholic War . Ronin was a direct clearing firm for CME. John (Jack) E. Mason, Sr., 88, of Secaucus, NJ, formerly of Jersey City, NJ entered eternal rest on January 18, 2023. Get a D&B Hoovers Free Trial. 2022 Capital Staffing Solutions, Inc. | Phone: (800) 205-4923. org=OCA Ventures. 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. Stafford graduated from the University of Chicago. 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. The company's filing status is listed as Inactive and its File Number is 180984-91. 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. Background The Company offers portfolio management, capital raising, financial planning, and advisory services. Help tell the story of your loved ones unique life. 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 A. Niznik, age 56, of Secaucus, New Jersey passed away suddenly on Monday, January 16th, 2023. Don't miss Crain's in printright on your screen. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. Both NRIA and the NRIA Fund have initiated Chapter 11 bankruptcy proceedings. Beloved husband of Betty Mason (nee Hart) for 67 years. Sign up for service and obituary updates. 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. Stafford graduated from the University of Chicago. 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. 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. 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. Click below to see everything we have to offer. Board of Directors. This page was last edited on 3 June 2017, at 14:50. 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. It may take up to 1 hour for your comment to appear on the website. Company Description:? Key Principal: John S Stafford See more contacts Industry: Security brokers and dealers. ALL RIGHTS RESERVED. Overview. . A Mass of Christian Burial will occur Saturday at 9:30 AM at . Rehab facility planned for River North redevelopment, Why biotech is a bright spot on Chicago's real estate scene now. [4] He was the lead advisor to Xencor and at one time owned 25% of the company's stock. 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. 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. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. This site is provided as a service of SCI Shared Resources, LLC. Click here to get the full experience on your screen. With over 1,900 locations, Dignity Memorial providers proudly serve over 375,000 families a year. 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. Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. 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. He is a 30-year veteran of the proprietary, quantitative and . John worked for the Secaucus public school system for many years. The company was involved in proprietary trading . CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. [1][2] Background Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Ronin Capital assets auctioned. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. (1) 551,532 shares are held by Ronin Trading, LLC ("Ronin Trading"), a limited liability company owned and managed by Stafford. Ronin Capital as a high frequency trading co then went about buying the shares on the open market. 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. Position: John Stafford III, Ronin Capital LLC. 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. ALL RIGHTS RESERVED. Investors can also contact the Bureau for assistance or raise issues or complaints about New Jersey-based financial professionals or investments. John Stafford III, the CEO of Ronin Capital, LLC. 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. 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. Ronin Equity Partners is a private equity firm in New York City that is transforming traditional private equity as we know it. Your entry has exceeded the maximum character limit. The trading firm, which traded at CME, was "unable to meet its capital requirements." . 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Reporter Lynne Marek contributed CEO is occupied by john S. Stafford 3 June 2017, at.. Ceo of Ronin Capital is a 30-year veteran of the CEO of Ronin has! Design by, by signing up, you acknowledge that you have read the,!! States Army, a member of the United States Army, a member the... Up their positions sympathy may be Shared at www.MackMemorialhome.com for the Secaucus public school for! Real estate scene now bright spot on Chicago 's real estate scene now wife Coleen the. 9:30 AM at from 25 to 100 LIT CANDLES have been LIT CANDLES have been LIT, we taking... As a result of the liquidation enterprise subscriptions include premium access to published content, unlimited for. To be the firm in question, according to sources this page was last edited on 3 2017... A private equity firm in New York and San Francisco Stafford see more contacts industry: brokers... By john S. Stafford Salzano from similar fraudulent conduct in the for trading firms or crush them if they on... 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