MFDA schedules next appearance in the matter of International Capital Management Inc., John Paul Sanchez and Javier Andreas Sanchez

June 26, 2018 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of International Capital Management Inc., John Paul Sanchez and Javier Andreas Sanchez (collectively the “Respondents”) by Notice of Hearing dated May 30, 2017.

An appearance in this proceeding took place today by teleconference before a three-member Hearing Panel of the MFDA’s Central Regional Council.

Following submissions by the parties concerning the settlement hearing, the Hearing Panel directed the next appearance take place in-person on June 29, 2018, commencing at 9:00 a.m. (Eastern), or as soon thereafter as the appearance can be held, in the hearing room at the offices of the MFDA, located at 121 King Street West, Suite 1000, Toronto, Ontario.

MFDA settlement hearings are typically held in the absence of the public pursuant to section 20.5 of MFDA By-law No. 1 and Rule 15.2(2) of the MFDA Rules of Procedure. If the Hearing Panel accepts the settlement agreement, then the proceeding will become open to the public and a copy of the decision of the Hearing Panel and the settlement agreement will be made available at www.mfda.ca

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 82,000 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.