Hollund Industrial Marine Inc. (HIMR)

[JesusIsRicher]

The term "Qualified OTC Market Maker" in an over-the-counter ("OTC") margin security means a dealer in any "OTC Margin Security" who

1.is a broker or dealer registered pursuant to section 15 of the Act,


•is subject to and is in compliance with Rule 15c3-1,


•has and maintains minimum net capital, as defined in Rule 15c3-1, of the lesser of

•$250,000 or


•$25,000 plus $5,000 for each security in excess of five with regard to which the broker or dealer is, or is seeking to become a Qualified OTC Market Maker, and



•except when such activity is unlawful, meets all of the following conditions with respect to such security:

•He regularly publishes bona fide, competitive bid and offer quotations in a recognized inter-dealer quotation system,


•he furnishes bona fide, competitive bid and offer quotations to other brokers and dealers on request,


• he is ready, willing and able to effect transactions in reasonable amounts, and at his quoted prices, with other brokers and dealers, and


• he has a reasonable average rate of inventory turnover in such security.