Kuwait replaces head of market regulator after political backlash | GulfNews.com:
"Kuwait is replacing the head of its securities regulator after a stormy four years during which he drew criticism from some investors for his attempts to clean up the bourse and for the stock market’s weak performance.
Kuwait’s freewheeling stock market has one of the worst reputations in the region for patchy corporate disclosure and illicit trade.
Wealthy individual investors dominate the $113 billion market, and some resented Saleh Al Falah’s efforts, as chairman of the Capital Markets Authority (CMA), to crack down on improper speculation. Long-standing tensions between Kuwait’s parliament and the cabinet made the dispute a political issue."
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