With over 1,900 locations, Dignity Memorial providers proudly serve over 400,000 families a year. Board of Directors. Ronin, owned by John Stafford III and his father, John Stafford Jr . 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. Website. Such swings can generate big gains for trading firms or crush them if they're on the wrong side of a big bet. 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. [3]
John (Jack) E. Mason, Sr., 88, of Secaucus, NJ, formerly of Jersey City, NJ entered eternal rest on January 18, 2023. Loving uncle to many nieces, nephews, great nieces, great nephews, great-great nieces and great-great nephews. Stafford Trading was acquired by TD Options in 2001. Ronin Capital serves customers worldwide. Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. 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. But the company, founded by veteran options trader John Stafford Jr. and his son, John Stafford III, still has at least one long-term commitment to deal with: A 72,000-square-foot lease at 350 N. Orleans St. that runs through June 2028. Rego et al. Trading firms are required by the exchange to make payments to back up their positions. 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. 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. The company was involved in proprietary trading operations and venture capital investments.
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 is a private company that has been in the industry for 22 years. 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. 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. Ronin Capital chose SR Labs low latency market data product offering for its high frequency trading and automated market making business. 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. Company Description:? Is this your business? RONIN CAPITAL, LLC branch. The trading firm, which traded at CME, was "unable to meet its capital requirements." . John was born to Florence (Wierzbicki) Niznik and the late John A. Niznik in Jersey City and was a lifelong resident of Secaucus. 1-877-812-1590. The investigation by the Bureau of Securities was conducted by Chief of Enforcement Richard Szuch, and Investigator Irwin Slotnick. 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. 6 Jul 2020. About John Stafford. Ronin Capital Location River North Point 350 N Orleans St, Chicago, Illinois, 60654, United States Description Industry Finance General Finance InsiderMonkey.com. Ronin Capital chose SR Labs low latency market data product offering for its high frequency trading and automated market making 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 Investors can also contact the Bureau for assistance or raise issues or complaints about New Jersey-based financial professionals or investments. He is a strategic advisor to OCA Ventures. Ronin Capital LLC operates as an institutional brokerage firm. 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. Ronin was a direct clearing firm for CME. Meet the Team 5. Do Not Sell or Share My Personal Information. 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. Ronin is an avid golfer, with a reported 8 handicap, who has participated in the Pebble Beach Pro-Am. The company's principal address is 230 S . CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. Missing Crain's in print? 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. He is a 30-year veteran of the proprietary, quantitative and . The readiness is all." Discussion in 'Wall St. News' started by nastazio151, Mar 20, 2020. ). [2] Ronin did not handle customer business, CME said, so no clients incurred losses as a result of the liquidation. Forbes. 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 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. 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. 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? {{{name}}}. Great grandfather of Steven, Anthony, Juliana, Annabelle, Aubrey, Ryan and Carly. The Overlooked Tycoons Playing Pebble Beach With Justin Timberlake And Bill Murray. Its headquarters is located at Chicago, Illinois, USA. Copyright 2023 Surperformance. The number of employees ranges from 25 to 100. The machine readable files are formatted to allow researchers, regulators, and application developers to more easily access and analyze data. 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. 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. [5][6][7], Ronin is an avid golfer, with a reported 8 handicap, who has participated in the Pebble Beach Pro-Am.[8]. Today, we are taking action to stop their unlawful conduct and to put the public on notice. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. 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. [1] [2] Background [ edit] Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. 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. Help tell the story of your loved ones unique life. [1][2] Background Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. 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. 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. . The billboard messaging guaranteed returns of 12 percent on the investments, with the added possibility of obtaining returns as high as 21 percent. 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. The company was involved in proprietary trading . John S. Stafford, Jr. is a co-founder of Ronin Capital. 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. Sign up for our newsletter and stay up to date on all Alphacution research Send a note, share a story or upload a photo. 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. {{{org}}}. Acquisitions Completed. [5][6][7]
I already receive Alphacution newsletters. Blackstone, and 3G Capital. 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. 2022 Capital Staffing Solutions, Inc. | Phone: (800) 205-4923. Click here to get the full experience on your screen. Cease & Desist Order. 2023 SCI SHARED RESOURCES, LLC. Let others know about your loved one's death. Ronin Capital is part of the Finance industry, and located in Illinois, United States. Sign up for service and obituary updates. To entice would-be investors, the company used a nationwide advertising campaign that included radio spots and high-profile messaging on billboards located at the entrance to the Lincoln and Holland Tunnels. The company was involved in proprietary trading . 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 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. 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. Long, Director, Media Inquiries-Lee [email protected]. Education
John was the current (as well as past) Grand Knight of the Knights of Columbus Council 12769. Mr. Stafford is also on the board of Aware,. 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/). John Stafford has been working as a Chief Executive Officer at Ronin Capital for 22 years. When Ronin Capital was forced to shed assets at auction last month, it became the biggest financial industry victim in the U.S. of the deadly coronavirus so far, undercutting its legacy as a. 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. He was an avid fan of the Miami Dolphins and the New York Yankees. It may take up to 1 hour for your comment to appear on the website. The company was involved in proprietary trading operations and venture capital investments. Transparency in Coverage. Xencor website. John S. Stafford III serves as Independent Director of the Company. No thanks. It may take up to 1 hour for your comment to appear on the website. These respondents offered investors a securities opportunity that sounded too good to be true, and it was.. With over 1,900 locations, Dignity Memorial providers proudly serve over 375,000 families a year. References
The move forced the exchange to step in and invoke its emergency protocols to auction off the portfolios. 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. Platform Investments. Copyright 2015-2023 Alphacution Research Conservatory, LLC | Design by, By signing up, you acknowledge that you have read the, Poof! Read the John Lothian Newsletter. 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
Mr. 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. 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. Recent filings for RONIN CAPITAL, LLC. 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. Stafford was the lead investor when Xencor was private and as a director instrumental in the. The company's filing status is listed as Inactive and its File Number is 180984-91. Beloved husband of Betty Mason (nee Hart) for 67 years. 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. 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. John Stafford III, the CEO of Ronin Capital, LLC. Jack was a Pressman for the Star-Ledger in Newark (later Montville) for close to 50 years before retiring. 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. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. Stafford graduated from the University of Chicago. This site is provided as a service of SCI Shared Resources, LLC. 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. BusinessWeek. The company currently specializes in the Financial Services area. 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. [8]
[1][2]
This site is provided as a service of SCI Shared Resources, LLC. Background
Xencor, Inc..
Fond memories and expressions of sympathy may be shared at www.MackMemorialhome.com for the Niznik family. 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. John A. Niznik, age 56, of Secaucus, New Jersey passed away suddenly on Monday, January 16th, 2023.
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