Ronin Capital is part of the Finance industry, and located in Illinois, United States. Beloved husband of Betty Mason (nee Hart) for 67 years. STAFFORD, JOHN SPRINGS III CHIEF EXECUTIVE OFFICER 10% but less than 25% Individual 10/2001 Yes 2366359 Is this a domestic or foreign Assets of Chicago trading firm Ronin Capital were. The Bureau found that NRIA also leveraged the junk bonds through repurchase agreements with financial institutions. [1] [2] Background [ edit] Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. [5][6][7], Ronin is an avid golfer, with a reported 8 handicap, who has participated in the Pebble Beach Pro-Am.[8]. Website. ). Send a note, share a story or upload a photo. He is a 30-year veteran of the proprietary, quantitative and . Ronin Capital is a private company that has been in the industry for 22 years. 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. Company Description:? CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. The company was involved in proprietary trading operations and venture capital investments. 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. Loving uncle to many nieces, nephews, great nieces, great nephews, great-great nieces and great-great nephews. Acquisitions Completed. Ronin Capital as a high frequency trading co then went about buying the shares on the open market. The trading firm, which traded at CME, was "unable to meet its capital requirements." . 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, based in Chicago, was confirmed to be the firm in question, according to sources. Transparency in Coverage. Printer Friendly View Address: 5758 W Fillmore St . Read the John Lothian Newsletter. The Company offers portfolio management, capital raising, financial planning, and advisory services. Sign up for service and obituary updates. 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'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. Ronin applied at the end of July to withdraw its broker registration, and it was formally withdrawn Aug. 6, FINRA records show. I already receive Alphacution newsletters. 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. 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. 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. He is a strategic advisor to OCA Ventures. 2023 SCI SHARED RESOURCES, LLC. 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. Copyright 2023 Surperformance. 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. Forbes. It may take up to 1 hour for your comment to appear on the website. John S. Stafford, Jr. is a co-founder of Ronin Capital. Mr. 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. 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. No thanks. The firm moved to 350 N. Orleans in 2010, expanding from about 43,000 square feet in the Federal Reserve building at 230 S. LaSalle St. Ronin had as much as $21 billion of trading assets in 2018but fell hard earlier this year as the onset of the COVID-19 pandemic triggered wild stock market volatility. He was a veteran of the United States Army, a member of the Knights of Columbus, American Legion, The Catholic War . Ronin Capital chose SR Labs low latency market data product offering for its high frequency trading and automated market making business. Ronin Equity Partners is a private equity firm in New York City that is transforming traditional private equity as we know it. Additional sources said Ronins problems stemmed from positions in futures tied to theCBOE Volatility Index (VIX)." Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Why Chicago's wealthy are into this little hedge fund. 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. 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 . Stafford Trading was acquired by TD Options in 2001.[3]. Additional sources said Ronin's problems stemmed from positions in futures tied to the CBOE Volatility Index (VIX)." Rego et al. 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. What will happen to Invest South/West, LaSalle Street revival without Lightfoot? BusinessWeek. 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. It was a proprietary trading firm that traded only for its owners and not for clients. If an investment opportunity promising high guaranteed returns sounds too good to be true, it usually is.. 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. 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 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. Chicago, IL 60601 [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. Such swings can generate big gains for trading firms or crush them if they're on the wrong side of a big bet. Products and Services . YOUR SUCCESS. 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. The company was involved in proprietary trading . 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. 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? Overview. 2022 Capital Staffing Solutions, Inc. | Phone: (800) 205-4923. Help tell the story of your loved ones unique life. 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. These respondents offered investors a securities opportunity that sounded too good to be true, and it was.. [1][2], Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. 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. Today, we are taking action to stop their unlawful conduct and to put the public on notice. The investigation by the Bureau of Securities was conducted by Chief of Enforcement Richard Szuch, and Investigator Irwin Slotnick. 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. With over 1,900 locations, Dignity Memorial providers proudly serve over 375,000 families a year. CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. Church here in town. Ronin Capital assets auctioned. 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 . 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. 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. About John Stafford. 4-Traders.com. To conceal the companys poor performance, its principals used investors own money (rather than actual cash flow) to fund annual distributions, used straw purchasers to create nonexistent sales of certain residential units, and inflated the companys performance by improperly recognizing certain revenues in violation of Generally Accepted Accounting Principles, according to the Bureaus findings. 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. John was the current (as well as past) Grand Knight of the Knights of Columbus Council 12769. 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. Trading firms are required by the exchange to make payments to back up their positions. ALL RIGHTS RESERVED. [4] He was the lead advisor to Xencor and at one time owned 25% of the company's stock. Stafford Trading was acquired by TD Options in 2001. This page was last edited on 23 March 2020, at 19:11. Here's a look at our key highlights as a firm. 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. 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. $300M+ Equity Capital Deployed. 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. 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. Ronin is owned by John Stafford III and his father, John Stafford Jr. / Ronin Capital, LLC; Ronin Capital, LLC. 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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. Board of Directors. InsiderMonkey.com. Overall downtown office vacancy midway through the year also hit its highest mark since 2011, CBRE data shows. [2] Ronin did not handle customer business, CME said, so no clients incurred losses as a result of the liquidation. 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. 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 concert with Alphacution's recent feed post, "Marketquake: The Volatility of Volatility," on unprecedented volatility levels that surpass that of the 2008-2009 Global Financial Crisis (GFC) period, I wanted to assemble whatever we could on Ronin. John Stafford has been working as a Chief Executive Officer at Ronin Capital for 22 years. A Chicago resident with an 8 handicap, Stafford is a member at Evanston Golf Club as well as Tehama and Monterey Peninsula Country Club.. 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. This site is provided as a service of SCI Shared Resources, LLC. 1-877-812-1590. 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. {{{name}}}. 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 company's filing status is listed as Inactive and its File Number is 180984-91. Let others know about your loved one's death. [3], Ronin is owned by John Stafford III and his father, John Stafford Jr. He is a strategic advisor to OCA Ventures. Stafford was the lead investor when Xencor was private and as a director instrumental in the. 27. and organizational developments. 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, owned by John Stafford III and his father, John Stafford Jr . Business Leaders. The number of employees ranges from 25 to 100. YOUR BUSINESS. 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. CANCELLATION view. The readiness is all." [5][6][7] Education Click below to see everything we have to offer. Ronin was a direct clearing firm for CME. We visit more than 100 websites daily for financial news (Would YOU do that?). Rehab facility planned for River North redevelopment, Why biotech is a bright spot on Chicago's real estate scene now. John A. 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