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 Padilla’s Sonoma ranch. In 1848, after he returned from Los Angeles, Padilla, who long had been blamed for the murders in Santa Rosa, was attacked by a group of former Bear Flaggers in a Sonoma hotel. In 1849, Padilla sold Rancho Bolsa de Tomales to Felix Berreyesa and Jesus Molina. In 1850 Padilla sold Rancho Roblar de la Miseria, and returned to Los Angeles. Juan Nepomuceno Padilla married Maria Marta Avila (1825 - ) in 1851. 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