Learn the net-capital and credit-regulation concepts that Series 14 expects compliance officers to understand at a general level.
The fourth Series 14 chapter covers capital and credit at a concept level rather than at full FINOP depth. The compliance officer needs to understand how net capital, customer protection, margin, and credit-extension rules create compliance risk for the firm. The exam uses this material to make sure the compliance officer can recognize when business activity affects the firm’s financial-responsibility posture.
Read this chapter as the financial-responsibility awareness layer. Start with capital and notification concepts, then move into margin, day trading, and other credit-regulation topics that can change how the firm operates and what it must supervise.