9370. Application to Commission for Review
This rule is no longer applicable. NASD Rule 9370 has been superseded by FINRA Rule 9370. Please consult the appropriate FINRA Rule.
(a) Appeal to Commission; Effect
A Respondent aggrieved by final disciplinary action pursuant to the Rule 9200 Series or the Rule 9300 Series may apply for review by the Commission pursuant to Section 19(d)(2) of the Act. The filing with the Commission of an application for review by the Commission shall stay the effectiveness of any sanction, other than a bar or an expulsion, imposed in a decision constituting final disciplinary action of the Association for purposes of SEC Rule 19d-1(c)(1).
(b) Association Notification to Member
The Association shall promptly notify any Association member with which a Respondent is associated if the Respondent files an application for review to the Commission.
|Adopted by SR-NASD-97-28 eff. Aug. 7, 1997.|