FAQ:Investor Relations Professional

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What is an IRP?

This is an acronym for an Investor Relations Professional. More information about what qualifies someone as an IRP can be found here.

I no longer do promotions but have in the past. Do I need to sign up for this?

If you are required to make disclosures under Rule 17(b), then you meet iHub's requirements to become an IRP. When and whether you are required by law to disclose is something that should be discussed with your legal counsel.

This is bull! I shouldn't have to pay more than anyone else because I'm creating market awareness for a company! I'm helping the people on your site by promoting this company!

You are using iHub for commercial purposes. The modest fee allows you to use the site and to make your legally required disclosures. You cannot post on iHub for purposes of fulfilling your compensated awareness campaign without being an IRP.

I'm a promoter but refuse to pay the additional fees. I just won't talk about any of my stocks on iHub.

No disclaimers other than the ones in the IRP pages will be allowed. If you choose to bypass the system and post about a company you are being compensated to promote, you will likely receive a long suspension at minimum.

I'm an IRP but the disclaimer is not showing up in my posts.

Below the box where you compose your post, there is a box that you need to check to have the disclaimer show up in that message.

Yikes! I'm an IRP and forgot to check the box for my disclaimer! When I go to Edit it won't allow me to add it! I legally have to have this on the post. What now?

Within in the edit period, you can add a link to your disclosure page in the content of the message. Disclosing this way should be the exception, though, not the rule.

Where can I find a list of the IRPs?

Here.

How can I find out what companies an IRP is promoting?

Go to the User's profile and click on the golden triangle, then click on View My Disclosures/Disclaimers.

It says right in this guy's disclaimer that he's been paid to promote the company I'm in. But he never has the disclaimer in his posts!

It's likely an oversight on his part as this is required to be legally compliant. If you are a subscriber, sending a polite pm indicating that he's been forgetting to include it, would likely be much appreciated as a reminder. If you cannot send a private message, you can let Admin know and we will send them a pm as a heads up.

This guy is an IRP. I asked if he was promoting the company I'm in and it was deleted?!?!?!

Many IRPs also post on boards they have not been compensated to promote. On stock-specific boards, their IRP status and promotional activities are off-topic unless there is public domain disclosure that they have been compensated to promote the stock in question.

This one woman has in her disclaimer that she was paid by a third party. I've asked on the board twice now and she just ignores my question. Legally, she HAS to tell me.

Users can certainly ask that question of IRPs. However if the individual chooses not to answer, then continuing to post the same message requesting this is considered spam. While you may be correct that IRPs are legally mandated to disclose this information, that is not something we have the authority to dictate. Enforcement of this would need to be discussed with the regulatory agency responsible for mandating such disclosures.

I know this lady is an IRP, but she hasn't signed up for the program. What do I do?

If it's conjecture on your part, then please keep it to yourself. If you have hard facts, then please send links documenting the connections to Matt. Do not post about it on the boards.