The Securities and Exchange Commission revealed in their initial assessment that the Prime Ilocos Norte Holdings Inc. is a non-existing and non-registered corporation or partnership.
In the email sent to THEPHILBIZNEWS by Atty. Oliver O. Leonardo, Director of SEC-Enforcement and Investor Protection Department, the apart from the fact that the PRIME ILOCOS NORTE HOLDINGS INC. is not a registered company, it does not also possess any necessary license and authority to OFFER, SELL and SOLICIT investments.
Atty. Leonardo further warned and advised the public NOT TO
INVEST in PRIME ILOCOS NORTE HOLDINGS INC.