Attached files
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
100 F STREET, N.E.
WASHINGTON, D.C. 20549-5720
DIVISION OF ENFORCEMENT
Yvonne Garcia
Staff Attorney
Direct Dial: (202) 551-4483
Facsimile: (202) 772-9240
December 18, 2013
By U.S. Mail and E-Mail
Mr. Jason Coombs
P.O. Box 636
Kurtistown, Hawaii 96760
jcoombs@risknerd.com
Re: In the Matter of Public Startup Company, Inc. and Related Entities
SEC File No. HO-12305
Dear Mr. Coombs:
The staff of the United States Securities and Exchange Commission is
conducting an investigation in the matter identified above. The enclosed
subpoena has been issued to you as part of this investigation. The
subpoena requires you to provide us with documents.
Please read the subpoena and this letter carefully. This letter answers
some questions you may have about the subpoena. You should also read the
enclosed SEC Form 1662. (I previously provided you with a copy of SEC
Form 1662 on December 4, 2013.) You must compy with the subpoena. You
may be subject to a fine and/or imprisonment if you do not.
Please preserve, until further written notice from the Commission staff,
all documents and information in your possession, custody, or control
that reflect, refer, relate, or pertain to the matters described in the
Attachment.
Producing Documents
What materials do I have to produce?
The subpoena requires you to provide us the documents described in the
attachment to the subpoena. You must provide these documents by January
10, 2014. The attachment to the subpoena defines some terms (such as
"document") before listing what you must provide.
You should produce each and every document in your possession, custody,
or control, including any documents that are not in your immediate
possession but that you have the ability to obtain. All responsive
documents shall be produced as they are kept in the usual course of
business, and shall be organized and labeled to correspond with the
numbered paragraphs in the subpoena attachment. In that regard,
documents should be produced in a unitized manner, i.e., delineated
with staples or paper clips to identify the document boundaries.
Documents responsive to this subpoena may be in electronic or paper
form. Electronic documents such as email should be produced in
accordance with the attached document entitled SEC Data Delivery
Standards (the "Standards"). If you have any questions concerning the
production of documents in an electronic format, please contact me as
soon as possible, but in any event before producing documents. All
electronic documents responsive to the document subpoena, including
all metadata, must also be secured and retained in their native software
format and stored in a safe place. The staff may later request or
require that you produce the native format.
For documents in paper format, you may send the originals, or, if you
prefer, you may send copies of the originals. The Commission cannot
reimburse you for the copying costs. If you are sending copies, the
staff requests that you scan (rather than photocopy) hard copy
documents and produce them in an electronic format consistent with the
Standards. Alternatively, you may send us photocopies of the documents
in paper format. If you choose to send copies, you must secure and
retain originals and store them in a safe place. The staff may later
request or require that you produce the originals.
Whether you scan or photocopy documents, the copies must be identical
to the originals, including even faint marks or print. Also, please
note that if copies of a document differ in any way, they are considered
separate documents and you must send each one. For example, if you have
two copies of the same letter, but only one of them has handwritten
notes on it, you must send both the clean copy and the one with notes.
In producing a scan or photocopy of an original document that contains
post-it(s), notation flag(s), or other removable markings or
attachments which may conceal all or a portion of the markings
contained in the original document, photocopies of the original document
both with and without the relevant post-it(s), notation flag(s), or
removable markings or attachments should be produced.
If you do send us scanned or photocopied documents, please put an
identifying notation on each page of each document to indicate that you
produced it, and number the pages of all teh documents submitted. (For
example, if Jane Doe sends documents to the staff, she may number the
pages JD-1, JD-2, JD-3, etc., in a blank corner of the documents.)
Please make sure the notation and number do not conceal any writing or
marking on the document. If you send us originals, please do not add
any identifying notations.
Do I need to send anything else?
You should enclose a list briefly describing each item you send, and
where the original document or record was located, e.g., Jane Smith's
files. The list should also state the numbered paragraph(s) in the
subpoena attachment to which each item responds. A copy of the subpoena
should be included with the documents that are produced.
Passwords for documents, files, compressed archives, and encrypted media
should be provided separately either via email addressed to
ENF-CPU@sec.gov, or ina separate cover letter mailed separately from the
data.
Please include a cover l etter stating whether you believe you have met
your obligations under the subpoena by searching carefully and
thoroughly for everything called for by the subpoena, and sending it all
to us.
Please also provide a narrative description describing what you did to
identify and collect documents responsive to the subpoena. At a minimum,
the narrative should describe:
* who searched for documents;
* who reviewed documents found to determine whether they were responsive;
* what sources were searched (e.g., computer files, CDs, DVDs, thumb
drives, flash drives, online stoarge media, hard copy files, diaries,
datebooks, planners, filing cabinets, home office, work office, voice
mails, home email, webmail, work email, backup tapes or other media);
* what third parties, if any, were contacted to obtain responsive
documents (e.g. phone companies for phone records, brokerage firms for
brokerage records); and
* where the original electronic and hardcopy documents are maintained
and by whom.
For any documents that qualify as records of regularly conducted
activities under Federal Rule of Evidence 902(11), please complete a
business records certification and return it with the document
production. A model declaration is attached.
What if I do not send everything described in the attachment to the
subpoena?
The subpoena requires you to send all the materials described in it.
If, for any reason - including a claim of attorney-client privilege -
you do not produce something called for by the subpoena, you should
submit a list of what you are not producing. The list should describe
each item separately, noting:
* its author(s);
* its date;
* its subject matter;
* the name of the person who has the item now, or the last person
known to have it;
* the names of everyone who ever had the item or a copy of it, and the
names of everyone who was told the item's contents;
* the reason you did not produce the item; and
* the specific request in the subpoena to which the document relates.
If you withhold anything on the basis of a claim of attorney-client
privilege or attorney work product protection, you should identify the
attorney and client involved.
If documents responsive to this subpoena no longer exist because they
have been lost, discarded, or otherwise destroyed, you should identify
such documents and give the date on which they were lost, discarded or
destroyed.
Where should I send the materials?
Please send the materials to:
ENF-CP
U.S. Securities and Exchange Commission
100 F Street, N.E., Mailstop 5973
Washington, D.C. 20549-5973
For smaller electronic productions under 10MB in size, the materials
may be emailed to the following email address: ENF-CPU@sec.gov.
We also ask that you send a copy of just the cover letter to your
response to:
Yvonne Garcia
Attorney, Division of Enforcement
U.S. Securities and Exchange Commission
100 F Street, N.E., Mailstop 5720-B
Washington, D.C. 20549-5720
or electronically at garciay@sec.gov.
Other Important Information
May I have a lawyer help me respond to the subpoena?
Yes. You have the right to consult with and be represented by your
own lawyer in this matter. We cannot give you legal advice.
What will the Commission do with the materials I send?
The enclosed SEC Form 1662 includes a List of Routine Uses of
information provided to the Commission. This form has other
important information for you. Please read it carefully.
Has the Commission determined that anyone has done anything wrong?
This investigation is a non-public, fact-finding inquiry. We are
trying to determine whether there have been any violations of the
federal securities laws. The investigation and the subpoena do not
mean that we have concluded that you or anyone else has broken the
law. Also, the investigation does not mean that we have a negative
opinion of any person, entity or security.
Important Policy Concerning Settlements
Please note that, in any matter in which enforcement action is
ultimately deemed to be warranetd, the Division of Enforcement
will not recommend any settlement to the Commission unless the
party wishing to settle certifies, under penalty of perjury, that
all documents responsive to Commission subpoenas and formal and
informal document requests in this matter have been produced.
I have read this letter, the subpoena, and the SEC Form 1662, but
I still have questions. What shoud I do?
If you have any other questions, you may call me at (202) 551-4483.
If you are represented by a lawyer, you should have your lawyer
contact me.
Sincerely,
Yvonne Garcia
Attorney
Division of Enforcement
Enclosure: Subpoena and Attachment
SEC Form 1662 (08-13)
SEC Data Delivery Standards
Sample Business Records Certification
cc: Lisa Deitc