While most of the attention in the futures industry has been focused upon the new swaps regulatory framework, the Commodity Futures Trading Commission (“CFTC”) and the National Futures Association (“NFA”) have adopted several new rules governing a variety of other activities. This article discusses some of these new rules, as well as current and upcoming changes related to NFA audits of Member firms. CFTC Adopts Transaction Recordkeeping Rules The CFTC has adopted new recordkeeping rules for registered firms regarding: (1) oral communications that lead to the execution of transactions in commodity interests and (2) written communications that lead to the…