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
Section 17(b) of the Securities Act of 1933
to be an IRP. The relevant text of Rule 17(b) (page 56) 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 page 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
Any registered member can activate and edit their own IRP pages at any time from
screen. Each user's IRP page will not become visible to other users until they become
activated with an initial IRP subscription. Once activated, the IRP Disclosure/Disclaimer
page will remain publicly visible. However; there must be an active IRP subscription
in force in order for the Member to edit their IRP page and to include the link
to their Disclosure/Disclaimer on new posts.
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. Their IRP page is visible to all users.
This Member has an expired IRP subscription. They cannot include their Disclosure/Disclaimer
link in new posts. Their Disclosure/Disclaimer remains visible to users.
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
is permitted on the Disclosure/Disclaimer page. Content of the Disclosure/Disclaimer
page cannot be linked to a site competitive with iHub.
IRPs are permitted to place a link to their iHub Disclaimer page in their signature
and/or profile only while they have an active IRP subscription. There should be
no disclaimers or links to disclaimers of compensation in signatures, profiles or
posts (at the time of posting) by any one who is not an active IRP. IRPs that allow
their status to become inactive must immediately remove disclaimers and links to
their disclaimer from their current signature and profile. Individual IRP disclaimer
pages will always be visible once an IRP account has been activated. The disclaimer
icon optionally included inside of IRP posts are also permanent. Disclaimers in
signatures and profiles are not and should not be considered permanent; they
can and may be removed/hidden at any time by site Admins and should not be relied
upon as a means to make legally required disclaimers.
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.
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.