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(from left) Reynold Ajodhasingh, director, International Financial Company (IFC) and Richard Young, IFC chairman with Capital Markets Elite Group’s Duke Pollard, CEO and founder; Rory Ellis, chairman; and Sedonio Anthony De Silva, COO.

May 7, 2021 - The opportunity is awaiting Trinidad and Tobago and Caribbean investors to become fully involved and integrated into the international trillion-dollar financial technological industry, says Duke Pollard CEO and founder of the T&T-based Capital Markets Elite Group.

What is however needed “is the creation of the financial technological infrastructure to support the industry and make it competitive internationally,” Pollard said as he spoke with former banker, Richard Young, Chairman of the International Financial Company of Trinidad and Tobago.

The recent meeting, at Capital Markets’ offices in Port of Spain, was held to make the IFC officials aware of the company’s operations and the potential it holds for placing Trinidad and Tobago and the Caribbean in the international Fintech Industry.

“What is needed is an upgrade of the financial technological base in Trinidad and Tobago, through legislative innovation, as we are behind the technological ball,” Pollard said to the IFC officials. Capital Markets has a Global clientele of investors in over 120 different countries. “We would like the opportunity to prove to our local investors, in the Caribbean and internationally, that T&T can join the international Fintech Industry through legislative innovation,” Pollard told the IFC officials.

Capital Markets effectively commenced its operations in Trinidad and Tobago in 2013 and as at today, has an asset base of over TT$200 million. Initially, Pollard and his small team provided education for persons wanting to get involved in investing in the major international financial markets. Today, Capital Markets offers a technological platform for investors to survey the financial markets of the world and to invest their capital in various asset classes including stocks, Forex (“FX”) and Contract for Differences (“CFDs”).

“We allow retail investors the opportunity to make investment decisions on their own, a concept known as self-directed investing, in various asset classes globally” says Pollard.

Capital Markets is headquartered here in Trinidad and Tobago, with its sister companies Mondeum Capital LLC, a Broker Dealer, regulated by the Financial Industry Regulatory Authority (“FINRA”) in the United States, Mondeum Wealth Advisors LLC, a Registered Investment Advisor, regulated by the United States Securities and Exchange Commission and Capital Markets Elite Group (Cayman), a Broker Dealer regulated by the Cayman Islands Monetary Authority (“CIMA”). The Group is also on

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CEO and founder of Capital Markets Elite Group Duke Pollard gives IFC chairman Richard Young a tour of his company’s facilities.

the cusp of receiving the necessary approvals required, to expand its operations into Canada, the United Kingdom and Singapore, which will allow its operations to offer several asset classes on various trading platforms. Capital Markets Elite Group (Trinidad and Tobago) Limited and its sister companies, are in compliance with all of the financial regulations in the countries in which they operate.

“Our operations, which is currently based in Trinidad and Tobago, continues to invest in our country, through its greatest asset, our employees. We are committed to the continuous development of our employees and have invested over TT$40 million in technology, to allow our clients to efficiently and effectively invest in the international financial market,” Pollard told the IFC. “Now what is needed is to bring the legislation up to international standards to make use of the possibilities for foreign exchange earnings in an economy, like ours, in need of an injection of hard currencies.”

He said he and his team are willing to collaborate with other stakeholders and regulators on the proposed legal framework, that may be required to make this jurisdiction more competitive with the international financial technological industry.


Taxpayers have forked out close to $4 million in legal fees in the matter of Vertical Aviation LLC and the lease of the Sikorsky S76D helicopter by the former government.

Vertical Aviation had claimed the Government failed to satisfy its obligations under the lease by not paying rent and interest due for late rent payments, failed to replenish the security deposit after the aviation company applied the deposit funds to late rent payments, failed to enrol the aircraft in a tip-to-tail maintenance programme and did not maintain insurance for the aircraft.

Professor of molecular genetics and virology at The University of the West Indies (The UWI) Christine Carrington says while there are yet no confirmed cases of the Delta variant of Covid-19 in Trinidad and Tobago, it is only a matter of time before the highly transmissible variant is detected here.

Carrington was speaking during yesterday’s virtual news conference hosted by the Ministry of Health.

A 41-year-old woman remained in police custody yesterday, being questioned in connection with the murder of Maritime General and Fidelity Finance chairman and Piarco Airport corruption accused John Smith, 74, on Friday afternoon.

Around 4.30 p.m. on Friday, offi­cers of the Maraval Police Station responded to a call that there was a domestic dispute at a residence in Haleland Park, Saddle Road, Mara­val.

For decades, Trinidad and Tobago has battled a raging gang problem.

Successive governments and law enforcement have fought to reduce criminal organisations which have engaged in well-executed mafia-style illegal operations, including drug and gun running, money laundering, prostitution, extortion, and crimes like murders, robberies and even what are regarded as white-collar ventures.

THE manager at the Water and Sewerage Authority (WASA) who cleared an employee of any wrongdoing following a complaint against him has signed an affidavit saying he was repeatedly called upon to change his findings in the matter.

He also said he was denied several requests to interview the Min­ister of Public Utilities for a “witness statement in the matter”.

What happened in the canefield was a planned and frenzied assault, Justice Lisa Ramsumair-­Hinds said, in deli­vering guilty verdicts yesterday on Sean Luke murderers Akeel Mitchell and Richard Chatoo.

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