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 BUSINESS. 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. {{{org}}}. 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. [8] ALL RIGHTS RESERVED. 4-Traders.com. Such swings can generate big gains for trading firms or crush them if they're on the wrong side of a big bet. 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. Website. 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. Copyright 2023 Surperformance. Leave a memory or share a photo or video below to show your support. 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. Key Principal: John S Stafford See more contacts Industry: Security brokers and dealers. 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. A Chicago resident with an 8 handicap, Stafford is a member at Evanston Golf Club as well as Tehama and Monterey Peninsula Country Club.. 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. Ronin Capital as a high frequency trading co then went about buying the shares on the open market. 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. Ronin Capital chose SR Labs low latency market data product offering for its high frequency trading and automated market making business. Position: John Stafford III, Ronin Capital LLC. 27. Your entry has exceeded the maximum character limit. Education E-mail oureditor 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. 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. Employers | Job Seekers | What We Do | Who We Are | Contact Us 2022 Capital Staffing Solutions, Inc. | Phone: (800) 205-4923. SI-NO CHANGE view. [4] He was the lead advisor to Xencor and at one time owned 25% of the company's stock. 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. Do Not Sell or Share My Personal Information. River North Point 350 N Orleans St, Chicago, Illinois, 60654, United States 180 $46.2 M Finance, Lending & Brokerage Get Full Profile Access Ronin Capital, based in Chicago, was confirmed to be the firm in question, according to sources. 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. About John Stafford. Arthur Scutaro, of Bloomfield, executive vice-president of project management and advisor to the NRIA Fund. 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. Background Transparency in Coverage. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. InsiderMonkey.com. Ronin Capital chose SR Labs low latency market data product offering for its high frequency trading and automated market making business. RONIN CAPITAL, LLC is an Oregon Foreign Limited-Liability Company filed on October 30, 2003. Let others know about your loved one's death. 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. John S. Stafford III serves as Independent Director of the Company. 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. Let others know about your loved one's death. Remember Or log in with Google Twitter Facebook Apple Sign up 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. 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. 2022 Capital Staffing Solutions, Inc. | Phone: (800) 205-4923. All rights reserved. Ronin Capital, which traded at CME, was one of many proprietary trading firms in Chicago that trade for its owners and not clients. The machine readable files are formatted to allow researchers, regulators, and application developers to more easily access and analyze data. 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. Copyright 2015-2023 Alphacution Research Conservatory, LLC | Design by, By signing up, you acknowledge that you have read the, Poof! Church here in town. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';}(jQuery));var $mcj = jQuery.noConflict(true); Subscribe to Receive JJC Proposed Rules Email Notifications, STATE OF NEW JERSEY | DEPARTMENT OF LAW & PUBLIC SAFETY, Feedback form for NJRC Inquiries/Feedback and Account Wagering, AGs Office Investigating Shooting at NJ Turnpikes Clara Barton Service Area, Update: Attorney Generals Office Releases Video Footage from Death of Man who Collapsed while Being Pursued on Foot By Newark Police, NJ Office of the Secretary of Higher Education and the Division on Civil Rights Release a Resource Guide for Postsecondary Institutions on Campus Responses to Bias, Division on Civil Rights Takes Enforcement Action against Housing Providers for Non-Compliance with the Fair Chance in Housing Act, Grand Jury Declines to File Charges in Police-Involved Shooting that Killed Hillsborough Man on September 28, 2021. John (Jack) E. Mason, Sr., 88, of Secaucus, NJ, formerly of Jersey City, NJ entered eternal rest on January 18, 2023. 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. Enterprise subscriptions include premium access to published content, unlimited logins for employees, and report downloads. $300M+ Equity Capital Deployed. Printer Friendly View Address: 5758 W Fillmore St . Ronin Equity Partners is a private equity firm in New York City that is transforming traditional private equity as we know it. John Stafford has been working as a Chief Executive Officer at Ronin Capital for 22 years. Company Description:? 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 applied at the end of July to withdraw its broker registration, and it was formally withdrawn Aug. 6, FINRA records show. 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. Business Leaders. 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. - 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. 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. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. He was an avid fan of the Miami Dolphins and the New York Yankees. Beloved husband of Betty Mason (nee Hart) for 67 years. 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 . 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. Rehab facility planned for River North redevelopment, Why biotech is a bright spot on Chicago's real estate scene now. [3] . 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. Loving uncle to many nieces, nephews, great nieces, great nephews, great-great nieces and great-great nephews. This page was last edited on 3 June 2017, at 14:50. Mr. Stafford is also on the board of Aware,. CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. and organizational developments. [5][6][7] We visit more than 100 websites daily for financial news (Would YOU do that?). JOHN STAFFORD III; Registry Page https://bizfileonline.sos.ca.gov/sear. 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. Read the John Lothian Newsletter. Overall downtown office vacancy midway through the year also hit its highest mark since 2011, CBRE data shows. 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. 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. YOUR SUCCESS. [1][2] Background 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]. The Bureau found that NRIA also leveraged the junk bonds through repurchase agreements with financial institutions. STAFFORD, JOHN SPRINGS III CHIEF EXECUTIVE OFFICER 10% but less than 25% Individual 10/2001 Yes 2366359 Is this a domestic or foreign The company currently specializes in the Financial Services area. [2] Ronin did not handle customer business, CME said, so no clients incurred losses as a result of the liquidation. org=OCA Ventures. 1-877-812-1590. CANCELLATION view. Jack was a Pressman for the Star-Ledger in Newark (later Montville) for close to 50 years before retiring. 6 Jul 2020. 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? 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. 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. 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 Forbes. 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. The Company offers portfolio management, capital raising, financial planning, and advisory services. 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. John S. Stafford, Jr. is a co-founder of Ronin Capital. OUR PRIORITY. 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. Assets of Chicago trading firm Ronin Capital were. It was a proprietary trading firm that traded only for its owners and not for clients.[4]. 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. 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. He was a veteran of the United States Army, a member of the Knights of Columbus, American Legion, The Catholic War . 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. Is this your business? Blackstone, and 3G Capital. ). 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][2] 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 LLC operates as an institutional brokerage firm. Cease & Desist Order. These respondents offered investors a securities opportunity that sounded too good to be true, and it was.. 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. Stafford graduated from the University of Chicago. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. [1] [2] Background [ edit] Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. References 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. Platform Investments. Ronin Capital assets auctioned. Stafford Trading was acquired by TD Options in 2001. It may take up to 1 hour for your comment to appear on the website. Products and Services . The Overlooked Tycoons Playing Pebble Beach With Justin Timberlake And Bill Murray. Additional sources said Ronins problems stemmed from positions in futures tied to theCBOE Volatility Index (VIX)." Filed on October 30, 2003 for its owners and not for clients. [ 4.... 800 ) 205-4923 owned 25 % of the Knights of Columbus, American Legion, the Catholic War Columbus American... Years before retiring and dealers records show 1 hour for your comment to appear on the website leave memory. 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