EXHIBIT 14

                           CREDITRISKMONITOR.COM, INC.
                 CODE OF ETHICS FOR PRINCIPAL EXECUTIVE OFFICER
                          AND SENIOR FINANCIAL OFFICERS

CreditRiskMonitor.com, Inc. ("CRM" or the "Company") has adopted this Code of
Ethics applicable to the principal executive officer, the principal financial
officer and the principal accounting officer or controller of the Company
(collectively, the "Officers" and individually an "Officer"). This Code
recognizes the vital importance to the Company of conducting its business
subject to the highest ethical standards and in full compliance with all
applicable laws and, even where not required by law, with the utmost integrity
and honesty.

In all of their dealings on behalf of, or with, the Company, each Officer must:

      o     Engage in and promote honest and ethical conduct, including by
            avoiding actual or potential conflicts of interest between personal
            and business or professional relationships;

      o     Act in good faith, responsibly, with due care, competence and
            diligence, without misrepresenting material facts or allowing his or
            her independent judgment to be subordinated to the judgment of
            others;

      o     Produce full, fair, accurate, timely, and understandable disclosure
            in reports and documents that the Company files with, or submits to,
            the SEC, and in other public communications;

      o     Comply with all applicable governmental laws, rules and regulations
            (including, but not limited to, those relating to disclosure of the
            business activities and/or performance of the Company);

      o     Promptly report violations of this Code of Ethics, by designated
            senior management, to the appropriate persons;

      o     Protect the confidentiality of non-public information about the
            Company and its customers or suppliers or other business
            partners/co-venturers, and prevent the unauthorized disclosure of
            such information unless required by law;

      o     Ensure the responsible use of, and control over, all Company assets
            and resources entrusted to his or her care; and

      o     Assume accountability for compliance with, and the interpretation
            and enforcement of, this Code of Ethics.

It is the responsibility of each of the Officers promptly to bring to the
attention of the General Counsel of the Company or the Chairman of the Audit
Committee any credible information of which he or she becomes aware that would
place in doubt the accuracy and completeness

<PAGE>

in any material respect of any disclosures of which he or she is aware that have
been made, or are to be made, directly or indirectly by the Company in any
public SEC filing or submission or any other formal or informal public
communication, whether oral or written (including but not limited to a press
release). In addition, each Officer is responsible for promptly bringing to the
attention of the General Counsel and, the Chairman of the Audit Committee, any
credible information of which he or she becomes aware that indicates any
deficiency in the Company's internal control over financial reporting within the
meaning of Section 404 of the Sarbanes-Oxley Act and the SEC's implementing
rules, and/or the Company's disclosure controls and procedures for preparing SEC
reports or other public communication as mandated by Section 302 of the
Sarbanes-Oxley Act and the SEC's implementing rules, even if a materially
inaccurate or incomplete disclosure by or on behalf of the Company has not
resulted or is not expected imminently to result from such deficiency.

Each Officer will promptly report (anonymously if he or she wishes to do so) to
the Chairman of the Audit Committee and the General Counsel (or such other
person as may be designated by the Board of Directors of the Company (the
"Board") from time to time) any credible information he or she may receive or
become aware of indicating that any violation by an Officer of this Code of
Ethics, the U.S. federal securities laws or any rule or regulation thereunder or
any other law, rule or regulation applicable to the Company has occurred, is
occurring or is imminent.

CRM policy prohibits retaliation (or threat of retaliation) against an employee
who reports a violation of this Code of Ethics in good faith. As provided by
law, CRM is not permitted to fire, demote, suspend, harass or discriminate
against an employee in retaliation for such employee providing information to,
or otherwise assisting or participating in, any investigation or proceeding by a
regulatory or law enforcement agency, any member of the U.S. Congress or a
Congressional committee, or by the Company, relating to what the employee
reasonably believes is a violation of the securities laws, an act of fraud or a
violation of any wage or discrimination laws. No CRM director, officer, employee
or representative is permitted to take any such retaliatory action.

Officers are prohibited from directly or indirectly taking any action to
fraudulently influence, coerce, manipulate or mislead the Company's independent
public auditors for the purpose of rendering the financial statements of the
Company misleading.

Where an amendment to or waiver of this Code of Ethics may be necessary or
appropriate with respect to an Officer, such person shall submit a request for
approval to the Board, through the General Counsel. Only the Board, or a duly
authorized committee of the Board, may grant waivers from compliance with this
Code of Ethics or make amendments to this Code of Ethics.

In the event of a violation of this Code of Ethics by an Officer, the Board or
the Audit Committee, as appropriate, will determine the appropriate actions to
be taken (which may include dismissal) after considering all relevant facts and
circumstances.

Officers are reminded that violations of this Code of Ethics may also

<PAGE>

constitute violations of law that may result in civil or criminal penalties for
the Officers and/or the Company.

This Code is not intended to grant and does not grant any additional rights or
causes of action to an employee and is not intended to effect and does not
effect any rights the Company otherwise may have to discipline or terminate an
employee with or without cause.

This Code is not to be construed as granting any additional rights or causes of
action to any person, entity or government agency or regulatory authority which
are not otherwise granted by law.