The company was involved in proprietary trading . 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. 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 . 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. Its headquarters is located at Chicago, Illinois, USA. 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 Equity Partners is a private equity firm in New York City that is transforming traditional private equity as we know it. 27. 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. 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. RONIN CAPITAL, LLC branch. Ronin Capital LLC operates as an institutional brokerage firm. The Bureau found that NRIA also leveraged the junk bonds through repurchase agreements with financial institutions. 130 E. Randolph St. John Stafford III, the CEO of Ronin Capital, LLC. {{{name}}}. Cease & Desist Order. 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. Xencor, Inc.. Your entry has exceeded the maximum character limit. Click below to see everything we have to offer. Founder of Zen Investments LLC and Ronin Capital LLC, John Springs Stafford presently holds the position of Chief Executive Officer of Ronin Capital LLC. 1-877-812-1590. Trading firms are required by the exchange to make payments to back up their positions. Beloved husband of Betty Mason (nee Hart) for 67 years. Loving grandfather of Alexis & Johnna Mason, the late Christopher Bann, Joseph Franks, Danielle Martinez and Tiffany Franks. 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. 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. 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. CME said the firm was unable to meet its capital requirements going forward. The investigation by the Bureau of Securities was conducted by Chief of Enforcement Richard Szuch, and Investigator Irwin Slotnick. 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. 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. Overall downtown office vacancy midway through the year also hit its highest mark since 2011, CBRE data shows. 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. Printer Friendly View Address: 5758 W Fillmore St . 21. [5][6][7] Ronin Capital, based in Chicago, was confirmed to be the firm in question, according to sources. 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. Background 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. We visit more than 100 websites daily for financial news (Would YOU do that?). John (Jack) E. Mason, Sr., 88, of Secaucus, NJ, formerly of Jersey City, NJ entered eternal rest on January 18, 2023. 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. 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. It may take up to 1 hour for your comment to appear on the website. Help tell the story of your loved ones unique life. CANCELLATION view. He is a strategic advisor to OCA Ventures. 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. InsiderMonkey.com. Advanced search Log in Forgot password ? Stafford graduated from the University of Chicago. These respondents offered investors a securities opportunity that sounded too good to be true, and it was.. Discussion in 'Wall St. News' started by nastazio151, Mar 20, 2020. Forbes. Stafford Trading was acquired by TD Options in 2001.[3]. [1][2] Background Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. 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. John S. Stafford, Jr. is a co-founder of Ronin Capital. The readiness is all." SI-NO CHANGE view. The majority owner of Ronin Capital is Zen Holdings, LLC. JOHN STAFFORD III; Registry Page https://bizfileonline.sos.ca.gov/sear. Additional sources said Ronins problems stemmed from positions in futures tied to theCBOE Volatility Index (VIX)." CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. 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. 2022 Capital Staffing Solutions, Inc. | Phone: (800) 205-4923. Key Principal: John S Stafford See more contacts Industry: Security brokers and dealers. It may take up to 1 hour for your comment to appear on the website. John is pre-deceased by his parents, John & Marie Mason (nee Strain). If an investment opportunity promising high guaranteed returns sounds too good to be true, it usually is.. Ronin Capital is part of the Finance industry, and located in Illinois, United States. References Copyright 2015-2023 Alphacution Research Conservatory, LLC | Design by, By signing up, you acknowledge that you have read the, Poof! [2] Ronin did not handle customer business, CME said, so no clients incurred losses as a result of the liquidation. About John Stafford. 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. The company's filing status is listed as Inactive and its File Number is 180984-91. 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. Website. The trading firm, which traded at CME, was "unable to meet its capital requirements." . Don't miss Crain's in printright on your screen. [3], Ronin is owned by John Stafford III and his father, John Stafford Jr. [1][2] The company was involved in proprietary trading operations and venture capital investments. Rehab facility planned for River North redevelopment, Why biotech is a bright spot on Chicago's real estate scene now. Missing Crain's in print? What will happen to Invest South/West, LaSalle Street revival without Lightfoot? This site is provided as a service of SCI Shared Resources, LLC. Mr. Stafford is also on the board of Aware,. The Bureau of Securities is charged with protecting investors from investment fraud and regulating the securities industry in New Jersey. The number of employees ranges from 25 to 100. 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. The company's principal address is 230 S . Assets of Chicago trading firm Ronin Capital were. Why Chicago's wealthy are into this little hedge fund. 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. Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. 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. 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. Mr. [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. Church here in town. 4-Traders.com. 7+ Years. Employers | Job Seekers | What We Do | Who We Are | Contact Us 2022 Capital Staffing Solutions, Inc. | Phone: (800) 205-4923. Ronin Capital assets auctioned. The Overlooked Tycoons Playing Pebble Beach With Justin Timberlake And Bill Murray. 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. ALL RIGHTS RESERVED. John S. Stafford III serves as Independent Director of the Company. [4] He was the lead advisor to Xencor and at one time owned 25% of the company's stock. 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. Send a note, share a story or upload a photo. $300M+ Equity Capital Deployed. . Get a D&B Hoovers Free Trial. The move forced the exchange to step in and invoke its emergency protocols to auction off the portfolios. The billboard messaging guaranteed returns of 12 percent on the investments, with the added possibility of obtaining returns as high as 21 percent. This page was last edited on 3 June 2017, at 14:50. 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. He is a 30-year veteran of the proprietary, quantitative and . Position: John Stafford III, Ronin Capital LLC. 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. John was the current (as well as past) Grand Knight of the Knights of Columbus Council 12769. / Ronin Capital, LLC; Ronin Capital, LLC. 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. Do Not Sell or Share My Personal Information. Let others know about your loved one's death. [1][2] Background Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. [8] 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. Click here to get the full experience on your screen. Transparency in Coverage. Sign up for service and obituary updates. Overview. Ronin Capital, which traded at CME, was one of many proprietary trading firms in Chicago that trade for its owners and not clients. A Mass of Christian Burial will occur Saturday at 9:30 AM at . 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. Founder of Zen Investments LLC and Ronin Capital LLC, John Springs Stafford presently holds the position of Chief Executive Officer of Ronin Capital LLC. Such swings can generate big gains for trading firms or crush them if they're on the wrong side of a big bet. 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. 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