MFDA adjourns proceeding in the matter of International Capital Management Inc., John Paul Sanchez and Javier Andreas Sanchez

January 30, 2017 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a proceeding in respect of International Capital Management Inc. (“ICM”), John Paul Sanchez (“John Sanchez”) and Javier Andreas Sanchez (“Javier Sanchez”) (collectively, the “Respondents”) by a Notice of Application dated December 13, 2016.

An appearance in this matter was held on January 27, 2017 before a Hearing Panel of the Central Regional Council of the MFDA. Following submissions by the parties, the Hearing Panel adjourned the proceeding to a date and time to be determined and announced accordingly.

A copy of the Notice of Application is available on the MFDA website at www.mfda.ca.

The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its Members and their approximately 83,000 Approved Persons with a mandate to protect investors and the public interest. For more information about the MFDA’s complaint and enforcement processes, as well as links to ‘Check an Advisor’ and other Investor Tools, visit the For Investors page on the MFDA website.