What is an IRP?
IRPs are iHub Members considered to be an Investor Relations Professional.
IRPs are professional businesspersons providing investor awareness, investor relations,
or any other compensated promotional service or activity relating to a publicly
traded stock. IRPs may be compensated by either the public company or some other
interested party to provide those services, and include persons who are contracted
by other IRPs. iHub considers Members who make posts (both public and private) subject
to
Section 17(b) of the Securities Act of 1933
to be an IRP. The relevant text of Rule 17(b) is as follows:
It shall be unlawful for any person, by the use of any means or instruments of transportation
or communication in interstate commerce or by the use of the mails, to publish,
give publicity to, or circulate any notice, circular, advertisement, newspaper,
article, letter, investment service, or communication which, though not purporting
to offer a security for sale, describes such security for a consideration received
or to be received, directly or indirectly, from an issuer, underwriter, or dealer,
without fully disclosing the receipt, whether past or prospective, of such consideration
and the amount thereof.
IRPs pay a fee as a commercial user of iHub. The base IRP fee is $95 per month per account.
This fee is paid in addition to any other base membership or financial content subscription.
Activation of an IRP subscription:
- Allows their personalized IRP pages to become visible to other users. This allows
the IRP to meet their legally mandated disclosure requirements, and to present their
professional credentials and associations.
- Automatically includes a link to their Disclosure/Disclaimer page on each post.
They can choose to omit the link on posts where it is not required.
- Enables an icon in the Member's profile indicating their IRP status and leading
to their IRP pages.
- Provides visibility to iHub users when content is being provided by a compensated
poster.
Any registered member can activate and edit their own IRP pages at any time from
their
My Account
screen. Each user's IRP pages will not become visible to other users until they
become activated with an initial IRP subscription. Once activated, the IRP Disclosure/Disclaimer
and Stocks pages will remain publicly visible. However; there must be an active
IRP subscription in force in order for the Member to edit their IRP pages, include
the link to their Disclosure/Disclaimer on new posts, and have their "About Me"
page remain visible to the public.
The following IRP icons appear in user profiles:
 |
This Member has an active IRP subscription. They can include their Disclosure/Disclaimer
link in new posts. All areas of their IRP pages are visible to all users. |
 |
This Member has an expired IRP subscription. They cannot include their Disclosure/Disclaimer link
in new posts. Only their Disclosure/Disclaimer page is visible to users. |
 |
This Member has either 1) declared they are an IRP but never activated their
IRP subscription, or 2) has not declared their IRP status but has been assessed
by iHub to meet the requirements. They cannot include their Disclosure/Disclaimer
in posts and their IRP pages are not visible to the public. |
The details of an IRP's compensation should be found on their Disclosure/Disclaimer
page. IRPs who choose to maintain their information on another web site can either
replicate it on their iHub page or provide a link/disclosure to their site. The
link to their off-site Disclosure/Disclaimer page must be on their IRP Disclosure/Disclaimer
page; it will no longer be allowed in posts or signatures. Similarly, any content
and/or links not specifically pertaining to and required by for disclosure/disclaimer
must be on their "About Me" page; it is not permitted on the Disclosure/Disclaimer
page. Content of the Disclosure/Disclaimer page cannot be linked to a site competitive with iHub.
IRPs also are provided an "About Me" page they can use to describe their IRP business
and provide links to their site. They also have the option of maintaining a list of stocks
which they represent. A history is maintained of all changes to these pages and
is available to all iHub Users. The "About Me" page is only visible to other users
when an IRP subscription is active.
While Investors Hub requires all professional members to declare their status, we
cannot guarantee that all do. The absence of an IRP Disclosure/Disclaimer should
not be construed to indicate the poster is not subject to 17(b) requirements.
InvestorsHub does not track promotional activity engaged in by IRPs. Our subscription fees
(described above) are for their commercial use of the site and our providing IRPs the ability
to include any legally required Disclosures with their posts. InvestorsHub is not party
to any agreements IRPs may have with their employers or entities they represent or from
whom they receive compensation.
Refer to
iHub Member IRPs
for a listing of current and former IRPs.
iHub reserves the right to take any action it deems appropriate for Members it believes
should declare IRP status but have not done so, including but not limited to suspension/termination
of iHub privileges.