MFDA sets dates for Hearing on the Merits in the matter of International Capital Management Inc., John Paul Sanchez and Javier Andreas Sanchez

June 27, 2017 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of International Capital Management Inc. (“ICM”), John Paul Sanchez (“John”) and Javier Andreas Sanchez (“Javier”) (collectively referred to as the “Respondents”) by Notice of Hearing dated May 30, 2017 (“Notice of Hearing”).

As specified in the Notice of Hearing, the first appearance in this proceeding took place today by teleconference before a Hearing Panel of the MFDA’s Central Regional Council.

The hearing of this matter on its merits is set to take place on December 11-15, 2017, commencing at 10:00 a.m. (Eastern) each day, or as soon thereafter as the hearing can be held, in the hearing room at the offices of the MFDA, located at 121 King Street West, Suite 1000, Toronto, Ontario. The proceeding will be open to the public, except as may be required for the protection of confidential matters.

A copy of the Notice of Hearing 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.