Here is what happened on Turtle Soup the trading week from Sunday, February 27 through Friday, March 4, 2011.

Trade Interceptor: Multi-Broker Forex App - Trade Interceptor unveiled its new multi-platform app supported by FXCM, GFT, ACM, FX Solutions, and MB Trading.

State Street Forex Probe Expands - We continue to follow the State Street saga. I guess $11.7 million in penalties wasn't enough for CFTC.

 

Forex Scam Goes Small Potatoes - David & Loredana Ortiz thought they got away with $232,000 of investors' money. CFTC thought not.

 

Who's Who in Forex: Masaaki Shirakawa - Japan's Governor of the Bank of Japan was tabbed the world's 6th most powerful by Newsweek.

FxPM Opens Miami Office - World Currency Trading opens a new Forex trading facility in Miami.

NFA Hires Edward Dasso For Surveillance - His official title is VP of Market Regulation but his official job is to oversee the surveillance of swap execution facilities (SEF).

FOREX.com Goes Commercial - Now that they've gone public, GAIN Capital is stepping up its pursuit of retail Forex traders with prime time commercials. I have to admit -- it is a cute commercial.

 

FXall Opens Mumbai Office - FXall expands into one of the world's fastest growing Forex markets.

Who's Who in Forex: Ben Bernanke - We finally got around to Big Ben in our Who's Who in Forex series.

 

NFA Bars CD Capital Management - As active as NFA and CFTC have been lately, I just can't figure out why firms don't pay more attention to how they run their businesses.

Forex, You & Taxes - Bob Green dispenses great advice on what you need to know about accounting for your Forex gains/losses when the IRS comes knocking.

 

So, the end of another trading week. Hope to see you again next week.

Green Trader Tax is a great resource for information on what to do about your Forex winning (or losings) when the IRS comes knocking.

Traders need to stay abreast of the many new Forex developments and how they might affect your tax obligations.

Here is Bob Green's latest advice on Forex tax and regulatory treatment, but don't miss reading his Spot Forex update from January.

Don't let the IRS getcha!

The IRS is gathering data on U.S. merchants who may be diverting online credit card sales revenue to offshore accounts.

A federal judge has granted permission for the IRS to force big credit card processor First Data to provide details on any U.S. merchants who have arranged since 2002 to have payments from credit and debit cards deposited in offshore accounts with the assistance of First Atlantic Commerce, an obscure company headquartered in Bermuda.  

Credit card companies now.  Can questionable Forex operators be too far behind?  More at Forbes...