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Steven Palmer Paolillo
Corporate Officer/Principal chez
Commodity Futures Trading Commission
Profil
Prior to joining Ascendant in November 2005, Mr. Paolillo was a General Securities Representative and the Chief Compliance Officer of NewPoint Securities, LLC from January 2004 through November 2005.
Before joining NewPoint Securities, he was a Financial Advisor at H&R Block Financial Advisors from February 2003 through December 2003 and a Registered Representative at JB Oxford & Company from July 1997 through January 2003.
Mr. Paolillo has held the following National Association of Securities Dealers’ registrations: General Securities Principal, Registered Options Principal and Municipal Securities Principal.
He is registered with the CFTC as an associated person; and he is an NFA Associate.
He is also registered with the California Department of Corporations as an Investment Adviser Representative.
Postes actifs de Steven Palmer Paolillo
| Sociétés | Poste | Début |
|---|---|---|
Commodity Futures Trading Commission
 Commodity Futures Trading Commission General GovernmentGovernment Engages in protecting market users and the public from fraud, manipulation related to the sale of commodity and financial futures and options market | Corporate Officer/Principal | - |
Anciens postes connus de Steven Palmer Paolillo
| Sociétés | Poste | Fin |
|---|---|---|
H&R Block Financial Advisors
 H&R Block Financial Advisors Investment Banks/BrokersFinance Provides brokerage services | Corporate Officer/Principal | 31/12/2003 |
JB Oxford & Co.
 JB Oxford & Co. Packaged SoftwareTechnology Services Provides discount brokerage services | Corporate Officer/Principal | 01/01/2003 |
Ascendant Asset Advisors, Inc.
 Ascendant Asset Advisors, Inc. Investment ManagersFinance Ascendant Asset Advisors manages four trading programs for qualified investors that write covered and uncovered options on liquid managed futures contracts. Their primary strategy of writing options offers the potential to generate above-average profits through leverage. Ascendants option writing strategy does not depend on market climate, including down-trending, up-trending and sideways markets. Ascendant's strategy enables investors to diversify their overall investment portfolio, reducing their overall investment risk exposure. Since they invest primarily in broad market indices, their investors are usually better positioned to realize a profit or avoid a loss. The firm seeks to generate an above average return on client capital in all market conditions while reducing overall risk exposure to underlying financial market movements. Ascendant manages four trading programs that write covered and uncovered options on select classes of futures contracts traded on domestic and foreign exchanges. The Strategic 1 Options Program, the Strategic Options 2 Program and the JLDeVore Elite Trading Program (the 'JLDeVore Program') are available to most prospective clients. Generally, the Strategic 2 and the JLDeVore Program are more suitable for those investors who seek a more aggressive investment program. The Strategic 1 Options Program is more suitable for investors who prefer a lower degree of investment risk. The Strategic 0 Options Program is traded similarly to Strategic 1; but it is currently open exclusively to accounts of family members and relatives of the principals. There are three fundamental differences between the trading programs. First, Ascendant employs a different degree of leverage within each program. The JLDeVore Program and Strategic 2 seek greater leverage and use more available margin than Strategic 1 or Strategic 0. Second, the selection of options, strike prices and expiration dates differ among the trading programs. Generally, each of the programs writes options on futures contracts that are 'out of the money' that Ascendant believes will expire worthless if held until maturity and, thus, generate income in the account. (Ascendant may elect to close out short positions by buying them back prior to expiration.) Options that are further out of the money are less risky and consequently yield a lower premium than options that are closer to or 'at the money.' Ascendant may write options with strike prices that are closer to being 'in the money' in the JLDeVore Program and Strategic 2 than in Strategic 1 or Strategic 0. Options that are closer to being in the money will yield a higher premium, thereby generating more income in a client's account. However, such options will also incur a higher degree of risk that they will be exercised by the option holder at a loss to the client if the financial markets move against the position. Third, the JLDeVore Program uses a different fee structure than the other Strategic Options programs. There is no management fee for the JLDeVore Program; rather, clients receive a preferred rate of return of 1% per month on their investments and thereafter are charged a 50% performance fee on a monthly basis. | Directeur des opérations | - |
Expériences
Fonctions occupées
Actives
Inactives
Sociétés cotées
Entreprise privées
Relations
19
Relations au 1er degré
4
Entreprises liées au 1er degré
Homme
Femme
Administrateurs
Exécutifs
Sociétés liées
| Entreprise privées | 4 |
|---|---|
JB Oxford & Co.
JB Oxford & Co. Packaged SoftwareTechnology Services Provides discount brokerage services | Technology Services |
H&R Block Financial Advisors
H&R Block Financial Advisors Investment Banks/BrokersFinance Provides brokerage services | Finance |
Commodity Futures Trading Commission
Commodity Futures Trading Commission General GovernmentGovernment Engages in protecting market users and the public from fraud, manipulation related to the sale of commodity and financial futures and options market | Government |
Ascendant Asset Advisors, Inc.
Ascendant Asset Advisors, Inc. Investment ManagersFinance Ascendant Asset Advisors manages four trading programs for qualified investors that write covered and uncovered options on liquid managed futures contracts. Their primary strategy of writing options offers the potential to generate above-average profits through leverage. Ascendants option writing strategy does not depend on market climate, including down-trending, up-trending and sideways markets. Ascendant's strategy enables investors to diversify their overall investment portfolio, reducing their overall investment risk exposure. Since they invest primarily in broad market indices, their investors are usually better positioned to realize a profit or avoid a loss. The firm seeks to generate an above average return on client capital in all market conditions while reducing overall risk exposure to underlying financial market movements. Ascendant manages four trading programs that write covered and uncovered options on select classes of futures contracts traded on domestic and foreign exchanges. The Strategic 1 Options Program, the Strategic Options 2 Program and the JLDeVore Elite Trading Program (the 'JLDeVore Program') are available to most prospective clients. Generally, the Strategic 2 and the JLDeVore Program are more suitable for those investors who seek a more aggressive investment program. The Strategic 1 Options Program is more suitable for investors who prefer a lower degree of investment risk. The Strategic 0 Options Program is traded similarly to Strategic 1; but it is currently open exclusively to accounts of family members and relatives of the principals. There are three fundamental differences between the trading programs. First, Ascendant employs a different degree of leverage within each program. The JLDeVore Program and Strategic 2 seek greater leverage and use more available margin than Strategic 1 or Strategic 0. Second, the selection of options, strike prices and expiration dates differ among the trading programs. Generally, each of the programs writes options on futures contracts that are 'out of the money' that Ascendant believes will expire worthless if held until maturity and, thus, generate income in the account. (Ascendant may elect to close out short positions by buying them back prior to expiration.) Options that are further out of the money are less risky and consequently yield a lower premium than options that are closer to or 'at the money.' Ascendant may write options with strike prices that are closer to being 'in the money' in the JLDeVore Program and Strategic 2 than in Strategic 1 or Strategic 0. Options that are closer to being in the money will yield a higher premium, thereby generating more income in a client's account. However, such options will also incur a higher degree of risk that they will be exercised by the option holder at a loss to the client if the financial markets move against the position. Third, the JLDeVore Program uses a different fee structure than the other Strategic Options programs. There is no management fee for the JLDeVore Program; rather, clients receive a preferred rate of return of 1% per month on their investments and thereafter are charged a 50% performance fee on a monthly basis. | Finance |
