Appealing a Nullification to the Uniform Practice Code Committee

What this video covers

• Who may appeal a nullification, and why the appeal is limited to trades to which the appealing person is a party
• Why the written appeal must be received within 30 minutes of notification, not 30 minutes after the trade or the break
• How FINRA's receiving equipment controls the timestamp, and why late materials may still be accepted only at FINRA's sole discretion
• Why filing an appeal does not operate as a stay, meaning the nullification remains in effect while the Committee considers the appeal
• The three unappealable determinations, including the distinction between exchange-listed reviews and over-the-counter (OTC) equity reviews
• How to handle the rulebook contradiction involving the member technology-issue provision and the appeal bar for transactions outside applicable price bands
• How withdrawal rights, the Committee's four dispositions, decision deadlines, finality, and arbitration fit together after an appeal is received