Do Not Sell or Share My Personal Information. Mr. Stafford is also on the board of Aware,. Background The company was involved in proprietary trading . CANCELLATION view. [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. He is a 30-year veteran of the proprietary, quantitative and . 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. CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. It may take up to 1 hour for your comment to appear on the website. Chicago, IL 60601 2023 SCI SHARED RESOURCES, LLC. Copyright 2015-2023 Alphacution Research Conservatory, LLC | Design by, By signing up, you acknowledge that you have read the, Poof! Jack was a Pressman for the Star-Ledger in Newark (later Montville) for close to 50 years before retiring. Suite 3200 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. Education The investigation by the Bureau of Securities was conducted by Chief of Enforcement Richard Szuch, and Investigator Irwin Slotnick. This page was last edited on 3 June 2017, at 14:50. 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 assets auctioned. 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. CME said the firm was unable to meet its capital requirements going forward. Send a note, share a story or upload a photo. 2023 SCI SHARED RESOURCES, LLC. {{{org}}}. 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 . 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. 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? We visit more than 100 websites daily for financial news (Would YOU do that?). Sign up for service and obituary updates. JOHN STAFFORD III; Registry Page https://bizfileonline.sos.ca.gov/sear. Founder of Zen Investments LLC and Ronin Capital LLC, John Springs Stafford presently holds the position of Chief Executive Officer of Ronin Capital LLC. . The readiness is all." The position of the CEO is occupied by John S. Stafford. 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. The majority owner of Ronin Capital is Zen Holdings, LLC. 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. 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. Read the John Lothian Newsletter. 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. 2022 Capital Staffing Solutions, Inc. | Phone: (800) 205-4923. 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. A Mass of Christian Burial will occur Saturday at 9:30 AM at . If an investment opportunity promising high guaranteed returns sounds too good to be true, it usually is.. 130 E. Randolph St. Long, Director, Media Inquiries-Lee MooreOAGpress@njoag.gov. 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. 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. Products and Services . 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. 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. 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. 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. 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. The trading firm, which traded at CME, was "unable to meet its capital requirements." . Today, we are taking action to stop their unlawful conduct and to put the public on notice. STAFFORD, JOHN SPRINGS III CHIEF EXECUTIVE OFFICER 10% but less than 25% Individual 10/2001 Yes 2366359 Is this a domestic or foreign 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. Advanced search Log in Forgot password ? Great grandfather of Steven, Anthony, Juliana, Annabelle, Aubrey, Ryan and Carly. 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. Ronin Capital chose SR Labs low latency market data product offering for its high frequency trading and automated market making business. Trading firms are required by the exchange to make payments to back up their positions. Xencor website. [4] He was the lead advisor to Xencor and at one time owned 25% of the company's stock. 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 . He was an avid fan of the Miami Dolphins and the New York Yankees. The billboard messaging guaranteed returns of 12 percent on the investments, with the added possibility of obtaining returns as high as 21 percent. 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. ALL RIGHTS RESERVED. YOUR SUCCESS. 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. Beloved husband of Betty Mason (nee Hart) for 67 years. Blackstone, and 3G Capital. Assets of Chicago trading firm Ronin Capital were. / Ronin Capital, LLC; Ronin Capital, LLC. What will happen to Invest South/West, LaSalle Street revival without Lightfoot? Do Not Sell or Share My Personal Information. A Chicago resident with an 8 handicap, Stafford is a member at Evanston Golf Club as well as Tehama and Monterey Peninsula Country Club.. 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. (1) 551,532 shares are held by Ronin Trading, LLC ("Ronin Trading"), a limited liability company owned and managed by Stafford. 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 Capital, based in Chicago, was confirmed to be the firm in question, according to sources. (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. 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. Stafford graduated from the University of Chicago. 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. Ronin Capital is part of the Finance industry, and located in Illinois, United States. Enterprise subscriptions include premium access to published content, unlimited logins for employees, and report downloads. 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. The company was involved in proprietary trading . [3], Ronin is owned by John Stafford III and his father, John Stafford Jr. Click below to see everything we have to offer. 21. 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 Capital Location River North Point 350 N Orleans St, Chicago, Illinois, 60654, United States Description Industry Finance General Finance I already receive Alphacution newsletters. ). 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. The FTC permanently enjoined Salzano from similar fraudulent conduct in the future. Key People Working as a Team . Position: John Stafford III, Ronin Capital LLC. Founder of Zen Investments LLC and Ronin Capital LLC, John Springs Stafford presently holds the position of Chief Executive Officer of Ronin Capital LLC. Why Chicago's wealthy are into this little hedge fund, Board Director Invests $1.5 Million in Xencor Inc (XNCR) Amid the IPO, The Overlooked Tycoons Playing Pebble Beach With Justin Timberlake And Bill Murray, @JohnLothian: Our Interests Are Aligned' With the SEC: Coinbase CEO via @YahooFinance, @JohnLothian: Third FTX Executive Pleads Guilty to Criminal Charges, Piling Pressure on SBF via @YahooFinance, @JohnLothian: Chinese brokerages pressured to end overseas investing services via @YahooFinance, @JohnLothian: Healthcare CEO Faces Charges of Making Illicit Stock Sales in Prearranged Trades via @YahooFinance, @JohnLothian: Prosecutors Case Against FTXs Sam Bankman-Fried Becomes Clearer via @YahooFinance, @JohnLothian: Goolsbees Appointment at Chicago Fed Points to Rising Political Tension at Central Bank via @YahooFinance, http://www.marketswiki.com/wiki/index.php?title=John_S._Stafford_III&oldid=202475. John was born to Florence (Wierzbicki) Niznik and the late John A. Niznik in Jersey City and was a lifelong resident of Secaucus. 27. Arthur Scutaro, of Bloomfield, executive vice-president of project management and advisor to the NRIA Fund. [8] Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Acquisitions Completed. Investors can also contact the Bureau for assistance or raise issues or complaints about New Jersey-based financial professionals or investments. Recent filings for RONIN CAPITAL, LLC. [1][2], Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. He was a lifetime parishioner, longtime usher, and volunteer for Immaculate Conception R.C. John Stafford III, the CEO of Ronin Capital, LLC. Church here in town. 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. InsiderMonkey.com. These respondents offered investors a securities opportunity that sounded too good to be true, and it was.. Ronin Capital, which traded at CME, was one of many proprietary trading firms in Chicago that trade for its owners and not clients. Ronin Capital chose SR Labs low latency market data product offering for its high frequency trading and automated market making business. Both NRIA and the NRIA Fund have initiated Chapter 11 bankruptcy proceedings. He is a strategic advisor to OCA Ventures. 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 Equity Partners is a private equity firm in New York City that is transforming traditional private equity as we know it. 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. Why Chicago's wealthy are into this little hedge fund. Remember Or log in with Google Twitter Facebook Apple Sign up 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 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. Get a D&B Hoovers Free Trial. This site is provided as a service of SCI Shared Resources, LLC. Copyright 2023 Surperformance. 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. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. 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 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. 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/). Help tell the story of your loved ones unique life. 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. With over 1,900 locations, Dignity Memorial providers proudly serve over 400,000 families a year. John A. Niznik, age 56, of Secaucus, New Jersey passed away suddenly on Monday, January 16th, 2023. 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. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. 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. 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. 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. Here's a look at our key highlights as a firm. {{{name}}}. 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. 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. Fond memories and expressions of sympathy may be shared at www.MackMemorialhome.com for the Niznik family. Rehab facility planned for River North redevelopment, Why biotech is a bright spot on Chicago's real estate scene now. Sign up for our newsletter and stay up to date on all Alphacution research 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 Overlooked Tycoons Playing Pebble Beach With Justin Timberlake And Bill Murray. Overview. Don't miss Crain's in printright on your screen. About John Stafford. Board Director Invests $1.5 Million in Xencor Inc (XNCR) Amid the IPO. E-mail oureditor 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. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. The machine readable files are formatted to allow researchers, regulators, and application developers to more easily access and analyze data. Ronin Capital LLC operates as an institutional brokerage firm. Additional sources said Ronins problems stemmed from positions in futures tied to theCBOE Volatility Index (VIX)." [1][2] Background Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Discussion in 'Wall St. News' started by nastazio151, Mar 20, 2020. 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. Ronin is owned by John Stafford III and his father, John Stafford Jr. A Mass of Christian Burial will occur Saturday at 9:30 AM at Immaculate Conception R. C. Church, 1245 Paterson Plank Rd., Secaucus, NJ thence to Holy Cross Cemetery, North Arlington for his Committal Service. Stafford was the lead investor when Xencor was private and as a director instrumental in the. 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. Missing Crain's in print? No thanks. The company was involved in proprietary trading operations and venture capital investments. and organizational developments. Ronin was a direct clearing firm for CME. This page was last edited on 23 March 2020, at 19:11. ALL RIGHTS RESERVED. [5][6][7] Your entry has exceeded the maximum character limit. Jack was a Pressman for the Star-Ledger in Newark (later Montville) for close to 50 years before retiring. The company was involved in proprietary trading operations and venture capital investments. [1] [2] Background [ edit] Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. 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. Let others know about your loved one's death. It was a proprietary trading firm that traded only for its owners and not for clients.[4]. [3] This site is provided as a service of SCI Shared Resources, LLC. 6 Jul 2020. River North Point 350 N Orleans St, Chicago, Illinois, 60654, United States 180 $46.2 M Finance, Lending & Brokerage Get Full Profile Access 4-Traders.com. [1][2] Background Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. 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. 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. Company Description:? 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. Devoted father of John Mason and his wife Coleen, the late Jacqueline Lesh-Franks and her husband Al. Let others know about your loved one's death. 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. If you opt in above we use this information to send related content. Board of Directors. 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. Employers | Job Seekers | What We Do | Who We Are | Contact Us 2022 Capital Staffing Solutions, Inc. | Phone: (800) 205-4923. He was a veteran of the United States Army, a member of the Knights of Columbus, American Legion, The Catholic War . 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. John (Jack) E. Mason, Sr., 88, of Secaucus, NJ, formerly of Jersey City, NJ entered eternal rest on January 18, 2023. CANDLE HAS BEEN LIT CANDLES HAVE BEEN LIT, We are reviewing your submission. 15 Jul 2020. RONIN CAPITAL, LLC branch. Xencor, Inc.. - 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 is a private company that has been in the industry for 22 years. 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 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. 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. Printer Friendly View Address: 5758 W Fillmore St . Stafford Trading was acquired by TD Options in 2001. [2] Ronin did not handle customer business, CME said, so no clients incurred losses as a result of the liquidation. Mr. Help tell the story of your loved ones unique life. It may take up to 1 hour for your comment to appear on the website. OUR PRIORITY. 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. BusinessWeek. Is this your business? 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. 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 worked for the Secaucus public school system for many years. Company Number 200426810387 Status Terminated Incorporation Date 23 September 2004 (over 18 years ago) Dissolution Date 15 July 2020 . Key Principal: John S Stafford See more contacts Industry: Security brokers and dealers. 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. Rehab facility planned for River North redevelopment, why biotech is a private company that has LIT... Unlawful conduct and to put the public on notice & # x27 ; s a look at our highlights! By Chief of Enforcement Richard Szuch, and application developers to more easily access and data... Was acquired by TD Options in 2001 ; Ronin Capital chose SR low... The Catholic War at one time owned 25 % of the company 's stock planned for River North,. 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