Saudi bourse regulator tightens curbs on anonymous investors

By Tom Arnold and Hadeel Al Sayegh DUBAI, Oct 14 (Reuters) - Saudi Arabia's market regulator has further tightened its restrictions on anonymous investors trading shares through brokers, citing the need to prevent money laundering and financing of militant groups. The Capital Market Authority (CMA) told licensed brokers last week that they would have to open an account in the name of each client rather than using the name of the broker or someone else, according to a CMA circular seen by Reuters