McCoist said in a statement on Thursday that the threats made against the Scottish FA's three-man panel, whose names were revealed on the internet, damaged the club.
The SFA have said Strathclyde police were investigating threats made to its members.
"I would not for one moment want anyone to interpret my remarks as a signal to engage in any form of threatening behaviour," McCoist said.
"Such activity disgusts me and anyone who engages in it does Rangers Football Club nothing but harm. No Rangers supporter should get themselves involved in it, not now nor at any time."
"I firmly believe that decisions of this magnitude should be fully transparent and everyone should have confidence in the system that has been created to deliver such a finding," McCoist said.
"When I called for full transparency on Tuesday I took the view that the decision by the judicial panel should be subject to proper scrutiny.
"It is unthinkable in any walk of life that such a significant punishment would be meted out without full transparency."
