Ronin Capital, based in Chicago, was confirmed to be the firm in question, according to sources. Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. Stafford Trading was acquired by TD Options in 2001.[3]. This site is provided as a service of SCI Shared Resources, LLC. Copyright 2023 Surperformance. Ronin Capital serves customers worldwide. Key People Here's a look at our key highlights as a firm. CME said the firm was unable to meet its capital requirements going forward. Mr. Stafford is also on the board of Aware,. 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. About John Stafford. 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. Ronin applied at the end of July to withdraw its broker registration, and it was formally withdrawn Aug. 6, FINRA records show. 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. Printer Friendly View Address: 5758 W Fillmore St . Website. 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. Ronin, owned by John Stafford III and his father, John Stafford Jr . Besides their headquarters in Chicago, Ronin Capital has offices in New York and San Francisco. Rehab facility planned for River North redevelopment, Why biotech is a bright spot on Chicago's real estate scene now. Ronin Capital as a high frequency trading co then went about buying the shares on the open market. [3], Ronin is owned by John Stafford III and his father, John Stafford Jr. Church here in town. Founder of Zen Investments LLC and Ronin Capital LLC, John Springs Stafford presently holds the position of Chief Executive Officer of Ronin Capital LLC. Transparency in Coverage. Crain's Chicago Business. Stafford graduated from the University of Chicago. Its headquarters is located at Chicago, Illinois, USA. [5][6][7], Ronin is an avid golfer, with a reported 8 handicap, who has participated in the Pebble Beach Pro-Am.[8]. Ronin Capital is part of the Finance industry, and located in Illinois, United States. The company's filing status is listed as Inactive and its File Number is 180984-91. 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. [1][2] Background Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. E-mail oureditor 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. Discussion in 'Wall St. News' started by nastazio151, Mar 20, 2020. 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. Today, we are taking action to stop their unlawful conduct and to put the public on notice. 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. 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. [4] He was the lead advisor to Xencor and at one time owned 25% of the company's stock. Working as a Team . He is a 30-year veteran of the proprietary, quantitative and . 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. Send a note, share a story or upload a photo. CANCELLATION view. He was an avid fan of the Miami Dolphins and the New York Yankees. / Ronin Capital, LLC; Ronin Capital, LLC. 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The Overlooked Tycoons Playing Pebble Beach With Justin Timberlake And Bill Murray. (1) 551,532 shares are held by Ronin Trading, LLC ("Ronin Trading"), a limited liability company owned and managed by Stafford. 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. 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. Loving grandfather of Alexis & Johnna Mason, the late Christopher Bann, Joseph Franks, Danielle Martinez and Tiffany Franks. Founder of Zen Investments LLC and Ronin Capital LLC, John Springs Stafford presently holds the position of Chief Executive Officer of Ronin Capital LLC. and organizational developments. Stafford graduated from the University of Chicago. John is pre-deceased by his parents, John & Marie Mason (nee Strain). 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. 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 . References With over 1,900 locations, Dignity Memorial providers proudly serve over 400,000 families a year. John was the current (as well as past) Grand Knight of the Knights of Columbus Council 12769. The company was involved in proprietary trading operations and venture capital investments. 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. [1][2] Background Prior to joining Ronin Capital LLC, Stafford was the managing director of Stafford Trading from 1996 - 2001. Founder of Zen Investments LLC and Ronin Capital LLC, John Springs Stafford presently holds the position of Chief Executive Officer of Ronin Capital LLC. STAFFORD, JOHN SPRINGS III CHIEF EXECUTIVE OFFICER 10% but less than 25% Individual 10/2001 Yes 2366359 Is this a domestic or foreign John was born to Florence (Wierzbicki) Niznik and the late John A. Niznik in Jersey City and was a lifelong resident of Secaucus. 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Both NRIA and the NRIA Fund have initiated Chapter 11 bankruptcy proceedings. ). Beloved husband of Betty Mason (nee Hart) for 67 years. 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. 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. The FTC permanently enjoined Salzano from similar fraudulent conduct in the future. Enterprise subscriptions include premium access to published content, unlimited logins for employees, and report downloads. A Chicago resident with an 8 handicap, Stafford is a member at Evanston Golf Club as well as Tehama and Monterey Peninsula Country Club.. 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