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 Tomales Rancho Bolsa de Tomales Rancho Bolsa de Tomales was a Mexican land grant in present day Marin County and Sonoma County, California given in 1846 by Governor Pío Pico to Juan Nepomuceno Padilla. The name means "the Pool of the Tomales Indians," which referred to Burbank’s Lake. The grant extended along the Pacific coast from Estero de San Antonio south to Walker Creek, and encompassed present day Tomales. Stemple Creek transversed the property. The land claim was rejected as fraudulent by the US Supreme Court. Juan Nepomuceno Padilla (1824–) came from Mexico to California. Padilla was elected as the alcalde