Review the SEC trading rules and surveillance mindset that Series 14 uses to test market-abuse detection.
The compliance officer must not only know the rules but also know how the firm detects violations. This section ties SEC trading rules to surveillance programs, exception reporting, and the review of unusual order or trading behavior. Series 14 wants the candidate to think like someone who can spot manipulative or deceptive activity before it becomes an enforcement matter.
That is why surveillance is not treated as a pure technology topic. It is a reasoning topic. What behavior is the firm trying to detect, what rule could it violate, and what pattern should trigger investigation? The exam often rewards the answer that treats surveillance as an ongoing control process rather than an after-the-fact report.
When the question mentions unusual trades, market movement, or potential misuse of information, the better answer usually is the one that strengthens review, documents the analysis, and escalates promptly.