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. 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 Capital, based in Chicago, was confirmed to be the firm in question, according to sources. Cease & Desist Order. Trading firms are required by the exchange to make payments to back up their positions. Arthur Scutaro, of Bloomfield, executive vice-president of project management and advisor to the NRIA Fund. 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. These respondents offered investors a securities opportunity that sounded too good to be true, and it was.. 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. John was the current (as well as past) Grand Knight of the Knights of Columbus Council 12769. 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. The move forced the exchange to step in and invoke its emergency protocols to auction off the portfolios. 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. 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. [1] [2] Background [ edit] Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. [3] 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. Don't miss Crain's in printright on your screen. Transparency in Coverage. Stafford Trading was acquired by TD Options in 2001. Overview. Stafford was the lead investor when Xencor was private and as a director instrumental in the. It may take up to 1 hour for your comment to appear on the website. Ronin Capital chose SR Labs low latency market data product offering for its high frequency trading and automated market making business. A Chicago resident with an 8 handicap, Stafford is a member at Evanston Golf Club as well as Tehama and Monterey Peninsula Country Club.. What will happen to Invest South/West, LaSalle Street revival without Lightfoot? 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. CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. Key People 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/). ALL RIGHTS RESERVED. - 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. Blackstone, and 3G Capital. Working as a Team . Mr. Stafford is also on the board of Aware,. 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. Great grandfather of Steven, Anthony, Juliana, Annabelle, Aubrey, Ryan and Carly. John (Jack) E. Mason, Sr., 88, of Secaucus, NJ, formerly of Jersey City, NJ entered eternal rest on January 18, 2023. 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. Products and Services . 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. It may take up to 1 hour for your comment to appear on the website. / Ronin Capital, LLC; Ronin Capital, LLC. The company was involved in proprietary trading operations and venture capital investments. 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. Platform Investments. Send a note, share a story or upload a photo. [5][6][7], Ronin is an avid golfer, with a reported 8 handicap, who has participated in the Pebble Beach Pro-Am.[8]. Ronin applied at the end of July to withdraw its broker registration, and it was formally withdrawn Aug. 6, FINRA records show. Ronin was a direct clearing firm for CME. John Stafford has been working as a Chief Executive Officer at Ronin Capital for 22 years. Recent filings for RONIN CAPITAL, LLC. He was a veteran of the United States Army, a member of the Knights of Columbus, American Legion, The Catholic War . Do Not Sell or Share My Personal Information. 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. 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. John worked for the Secaucus public school system for many years. John Stafford III couldn't be reached.Crain's senior reporter Lynne Marek contributed. The machine readable files are formatted to allow researchers, regulators, and application developers to more easily access and analyze data. 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 Chicago, IL 60601 Ronin Capital LLC operates as an institutional brokerage firm. 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. Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. The FTC permanently enjoined Salzano from similar fraudulent conduct in the future. Ronin Capital, based in Chicago, was confirmed to be the firm in question, according to sources. With over 1,900 locations, Dignity Memorial providers proudly serve over 375,000 families a year. Overall downtown office vacancy midway through the year also hit its highest mark since 2011, CBRE data shows. [5][6][7] He is a strategic advisor to OCA Ventures. All rights reserved. Loving uncle to many nieces, nephews, great nieces, great nephews, great-great nieces and great-great nephews. 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. Acquisitions Completed. Leave a memory or share a photo or video below to show your support. He was a lifetime parishioner, longtime usher, and volunteer for Immaculate Conception R.C. 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. Business Leaders. This page was last edited on 3 June 2017, at 14:50. 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. This site is provided as a service of SCI Shared Resources, LLC. Missing Crain's in print? Mr. John Stafford III, the CEO of Ronin Capital, LLC. 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. Assets of Chicago trading firm Ronin Capital were. 2023 SCI SHARED RESOURCES, LLC. The company was involved in proprietary trading . 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. 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. 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. 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. 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. 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. 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. This site is provided as a service of SCI Shared Resources, LLC. The Overlooked Tycoons Playing Pebble Beach With Justin Timberlake And Bill Murray. 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. 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. He was an avid fan of the Miami Dolphins and the New York Yankees. Today, we are taking action to stop their unlawful conduct and to put the public on notice. 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 is an avid golfer, with a reported 8 handicap, who has participated in the Pebble Beach Pro-Am. He was an avid fan of the Miami Dolphins and the New York Yankees. 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. 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. 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 $630 million in securities to investors in New Jersey and . Let others know about your loved one's death. Ronin is owned by John Stafford III and his father, John Stafford Jr. John S. Stafford, III is a Chicago-based trader, investor and principal trading firm executive, who is the chief executive officer and co-founder of Ronin Capital LLC. (function($) {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. 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. 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. [3], Ronin is owned by John Stafford III and his father, John Stafford Jr. Is this your business? Send a note, share a story or upload a photo. 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. Ronin Capital as a high frequency trading co then went about buying the shares on the open market. Xencor, Inc.. 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. SI-NO CHANGE view. 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 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 is a private company that has been in the industry for 22 years. Jack was a Pressman for the Star-Ledger in Newark (later Montville) for close to 50 years before retiring. Background [4] He was the lead advisor to Xencor and at one time owned 25% of the company's stock. 21. 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. InsiderMonkey.com. Sign up for service and obituary updates. Get a D&B Hoovers Free Trial. 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