The move forced the exchange to step in and invoke its emergency protocols to auction off the portfolios. 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. Mr. 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. 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. - 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. CME said the firm was unable to meet its capital requirements going forward. John Stafford III couldn't be reached.Crain's senior reporter Lynne Marek contributed. 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. He was a veteran of the United States Army, a member of the Knights of Columbus, American Legion, The Catholic War . The company's principal address is 230 S . [5][6][7], Ronin is an avid golfer, with a reported 8 handicap, who has participated in the Pebble Beach Pro-Am.[8]. 2023 SCI SHARED RESOURCES, LLC. The readiness is all." 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. Help tell the story of your loved ones unique life. Board of Directors. Leave a memory or share a photo or video below to show your support. 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. Company Description:? Key People Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. 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 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. and organizational developments. This site is provided as a service of SCI Shared Resources, LLC. Suite 3200 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. Is this your business? 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. 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. ALL RIGHTS RESERVED. Sign up for service and obituary updates. Ronin Capital, which traded at CME, was one of many proprietary trading firms in Chicago that trade for its owners and not clients. 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. Click below to see everything we have to offer. He was an avid fan of the Miami Dolphins and the New York Yankees. 130 E. Randolph St. Background Assets of Chicago trading firm Ronin Capital were. 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'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. John Stafford III, the CEO of Ronin Capital, LLC. Discussion in 'Wall St. News' started by nastazio151, Mar 20, 2020. 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. RONIN CAPITAL, LLC is an Oregon Foreign Limited-Liability Company filed on October 30, 2003. With over 1,900 locations, Dignity Memorial providers proudly serve over 400,000 families a year. John was born to Florence (Wierzbicki) Niznik and the late John A. Niznik in Jersey City and was a lifelong resident of Secaucus. 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 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. 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 References 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? Forbes. River North Point 350 N Orleans St, Chicago, Illinois, 60654, United States 180 $46.2 M Finance, Lending & Brokerage Get Full Profile Access 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. If an investment opportunity promising high guaranteed returns sounds too good to be true, it usually is.. Get a D&B Hoovers Free Trial. John worked for the Secaucus public school system for many years. 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. Your entry has exceeded the maximum character limit. The machine readable files are formatted to allow researchers, regulators, and application developers to more easily access and analyze data. Business Leaders. Do Not Sell or Share My Personal Information. John was the current (as well as past) Grand Knight of the Knights of Columbus Council 12769. 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], 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. Additional sources said Ronin's problems stemmed from positions in futures tied to the CBOE Volatility Index (VIX)." Devoted father of John Mason and his wife Coleen, the late Jacqueline Lesh-Franks and her husband Al. {{{name}}}. Such swings can generate big gains for trading firms or crush them if they're on the wrong side of a big bet. 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. Do Not Sell or Share My Personal Information. Board Director Invests $1.5 Million in Xencor Inc (XNCR) Amid the IPO. Additional sources said Ronins problems stemmed from positions in futures tied to theCBOE Volatility Index (VIX)." Let others know about your loved one's death. YOUR SUCCESS. 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 company was involved in proprietary trading operations and venture capital investments. The FTC permanently enjoined Salzano from similar fraudulent conduct in the future. The trading firm, which traded at CME, was "unable to meet its capital requirements." . With over 1,900 locations, Dignity Memorial providers proudly serve over 375,000 families a year. 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. 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. Crain's Chicago Business. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Printer Friendly View Address: 5758 W Fillmore St . Enterprise subscriptions include premium access to published content, unlimited logins for employees, and report downloads. About John Stafford. 7+ Years. Transparency in Coverage. Rego et al. Leave a memory or share a photo or video below to show your support. These respondents offered investors a securities opportunity that sounded too good to be true, and it was.. 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 . 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. Don't miss Crain's in printright on your screen. Overall downtown office vacancy midway through the year also hit its highest mark since 2011, CBRE data shows. John S. Stafford, Jr. is a co-founder of Ronin Capital. The Overlooked Tycoons Playing Pebble Beach With Justin Timberlake And Bill Murray. 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. Ronin Capital, based in Chicago, was confirmed to be the firm in question, according to sources. John (Jack) E. Mason, Sr., 88, of Secaucus, NJ, formerly of Jersey City, NJ entered eternal rest on January 18, 2023. Mr. Stafford is also on the board of Aware,. STAFFORD, JOHN SPRINGS III CHIEF EXECUTIVE OFFICER 10% but less than 25% Individual 10/2001 Yes 2366359 Is this a domestic or foreign Key Principal: John S Stafford See more contacts Industry: Security brokers and dealers. Trading firms are required by the exchange to make payments to back up their positions. Its headquarters is located at Chicago, Illinois, USA. The company currently specializes in the Financial Services area. Beloved husband of Betty Mason (nee Hart) for 67 years. 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. / Ronin Capital, LLC; Ronin Capital, LLC. Xencor, Inc.. 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. The majority owner of Ronin Capital is Zen Holdings, LLC. [3] 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. Send a note, share a story or upload a photo. 4-Traders.com. OUR PRIORITY. Missing Crain's in print? If you opt in above we use this information to send related content. 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. A Mass of Christian Burial will occur Saturday at 9:30 AM at . 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. BusinessWeek. . 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. 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. 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