Bolsa de Valores de Nicaragua and issuers of securities. The specific regulatory frame of exchange activity is conformed by Presidential Decree 33-93 or "Reglamento General sobre Bolsas de Valores" (General Stock Market Regulations). The president of the exchange as of 2006 is Dr. Raúl A. Lacayo Solórzano. Bolsa de Valores de Nicaragua Bolsa de Valores de Nicaragua (Stock Exchange of Nicaragua, or BVDN) was created in 1994 and is the only stock exchange operating in Nicaragua. The exchange is the result of private sector initiatives encouraging the country's market liberalization programmes, which began in 1990. Trading operations officially began on January 31, 1994, and as
Rancho Bolsa de Chamisal Santa Barbara area shortly thereafter to trap otter. In 1839, he married Maria Antonia Carrillo (1822–1843), (daughter of Carlos Antonio Carrillo). Burton served under John C. Frémont, and was the first American Mayor of Santa Barbara in 1850. In 1847, Burton bought Rancho Jesús María. With the cession of California to the United States following the Mexican-American War, the 1848 Treaty of Guadalupe Hidalgo provided that the land grants would be honored. As required by the Land Act of 1851, a claim for Rancho Bolsa de Chamisal was filed with the Public Land Commission in 1852, and the grant was