Broker-Dealer Operations

Learn the recordkeeping and reporting framework that anchors Series 14 operational compliance questions.

The third Series 14 chapter focuses on operations. A compliance officer has to understand the books, records, and reporting systems that prove the firm is functioning properly. This is where the exam shifts from market conduct to the operational evidence that regulators rely on when they review the firm.

Read this chapter as the documentation-and-reporting layer. Start with the records the firm must create and preserve, then move into operational reporting, including trading-related reports and market-event obligations.

In this section

  • Recordkeeping
    Review the books-and-records obligations that support operational integrity on the Series 14 exam.
  • Reporting Requirements and Market Events
    Learn the operational reporting duties, program-trading concepts, and market-event obligations tested in Series 14.
Revised on Thursday, April 23, 2026