Grupo Salinas region and by 1987, 59 stores. Elektra Group became a publicly traded company listed on the Bolsa Mexicana de Valores, the Mexican Stock Exchange. In 1993, Grupo Elektra bought the Imevisión government television network and renamed it TV Azteca. TV Azteca created an initial public offering in 1997 on the Mexican and New York stock exchanges. In 2012, Grupo Elektra, a wholly owned subsidiary of Grupo Salinas, acquired Advance America for an estimated $780 million USD. In 2003, Grupo Salinas purchased the telecommunicaions company Iusacell and the mobile phone company Unefón. Iusacell was sold to AT&T in 2014, and rebranded
Bolsa de Valores de la República Dominicana operative and belong to banking institutions. Almost 75 percent of the securities transactions are cross transactions in which both the buyer and the seller are clients of the same brokerage house. In recent years various laws were approved in an attempt to give new life to the Dominican securities market. In 2000, the Securities Market Law (SML), Law 19-00, was enacted, creating the Superintendence of Securities ("Superintendencia de Valores", SIV) as the regulatory agency of the securities market. There are 24 securities brokers and there are no registered securities agents. There is one commodities exchange in the country, the "Bolsa