April 10, 2006 – Gov. Charles W. Turnbull recently announced the appointment of six individuals to the Stock Exchange Task Force, which was created through an executive order in January to study the feasibility of a territorial stock exchange.
Members of the the then minority caucus, now the Democratic Majority Caucus put forth the idea as part of their economic agenda earlier this year, and the idea has been promoted as a possible substitute for the flight of Economic Development Commission companies from the territory.
Turnbull also mentioned the exchange's potential in his 2005 State of the Territory speech (See "Delegate Sends Hopeful Message about EDC Program" and "Stock Exchange Gets New Life As EDC Companies Slip Away").
According to a press release from Government House, the individuals appointed to the task force are:
–Attorney William E.C. Haston, advisor for the U.S. Small Business Administration.
–Anthony Weeks, who oversees the mortgage banking operations for Ocean First Bank/Columbia Equities Ltd.
–Bosede A. Bruce, accounting manager for Kazi Management V.I. Inc.
–Nathan Simmonds, director of the Office of Fiscal and Economic Recovery Implementation.
–Julito A. Francis, vice president of Popular Securities.
–Michael J. Kelleher, corporate vice president and branch manager of UBS financial services.
Share your reaction to this news with other Source readers. Please include headline, your name and city and state/country or island where you reside.