IRPs, or Investor Relations Professionals, are users who provide 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 to which they are providing publicity or by some other interested party, and include persons who are contracted by other IRPs. iHub considers users 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) (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.
For IRPs, their 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 is not permitted to be in posts or signatures. 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 anyone 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. 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.
Refer to iHub Commercial Users for a listing of current and former Commercial Users.