Fortress Capital (Commodity Futures Independent Introducing Broker, RIA)., President & CEO, Oct 2009 to Present. Responsible for the operation and the management of the firm. Mr. Ashkar became the listed principal of Fortress Capital on March 26, 2010 and an associated person (AP) of Fortress Capital, (NFA ID # 0416646) on June 02, 2010.
-TradingBlock (Broker Dealer), Stock Broker. Oct 2012 to present
-Transcend Capital (Broker Dealer), Business Development Representative, June 2010 to Jan 2011
-Edward Jones (Broker Dealer), Aug 2008 till Nov 2008: Financial Advisor
-Confident Services LLC. (Financial Services), President, Proprietary Trader, Feb 2008 to Oct 2009
-Hamilton Williams LLC. (FCM), Foreign Broker, EU & ME Business Development, Dec 2005 to Jan 2008
-GLB Trading (Broker Dealer), Financial Advisor, Proprietary Trader, Jan 2007 to July 2008
Mr. Ashkar's main role as a Financial Advisor is to help clients maintain the desired balance of investment income, capital gains, and acceptable level of risk by using proper asset allocation. As a Financial Advisor, Mr. Ashkar uses stocks, bonds, mutual funds, real estate investment trusts (REITs), options, futures, notes, and insurance products to meet the needs of his clients.There has not been a material administrative, civil, or criminal action-whether pending, on appeal or concluded-against Mr. Ashkar throughout his career.
Qualifications: All current financial industry, principal/supervisory, general product/industry, and/or state securities law exams that Mr. Ashkar has passed:
Series 24, 30, 3, 7, 55, 63, & 66
Mr. Ashkar is a Registered Investment Advisor for Fortress Capital (RIA) in the State of Florida. Fortress Capital (RIA, firm) and Mr. Ashkar (Financial Advisor, Agent) registration was accepted and authorized by the Florida Office of Financial Regulation to conduct business in the State of Florida on April 15, 2010.
Chief Trader, FX
Stephen James Utley, MBA was born, raised and educated in the UK, where he excelled academically and athletically, as captain of both his high school and university rugby teams, Steve found early on he was more suited to making decisions and taking charge than being told what to do by others - a leader rather than a follower. Upon earning a II 1 BA honors degree in Industrial Economics from Nottingham University, Steve soon after relocated to the US with his former wife and received a job offer from Gerard Klauer Mattison, a boutique Wall Street institutional brokerage house. He passed his series 7 and 63 with the highest score of any candidate in the firm (99% on the 7) and began on the institutional sales and trading desks. However, as a born leader, Steve felt the urge to develop his own research and trading ideas and strategies. After leaving the firm, he began to study and practice the skills of portfolio management, technical and fundamental analysis, which led him to return to school to attain his MBA in finance from Zicklin Business School in New York city. There he worked with professors and programmers to achieve statistically significant and consistent back tested positive returns using predictive modeling software, and designed his first model to trading the S and P 500, which operated a 80/20 win loss ratio over 4 years. Steve continued to test and design trading systems following his graduation, honing his skills in the FX markets, - drawn to them due to his international background, and knowledge of economic events and conditions that affect the value of currencies. Steve is licensed with the National Futures Association, and holds the series 3 and 34.