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

TORONTO, Jan. 23, 2017 /CNW/ - 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.

Prior to the next appearance in this matter, scheduled for January 24, 2017 at 11:00 a.m. (Eastern), the parties made an adjournment request to the Hearing Panel. The Hearing Panel granted the adjournment to a date to be determined and announced accordingly. The proceeding will continue be open to the public, except as may be required for the protection of confidential matters.

Copies of the Notice of Application and Order are 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.

SOURCE Mutual Fund Dealers Association of Canada

For further information: Marco Wynnyckyj, Manager, Hearings, 416-945-5146, mwynnyckyj@mfda.ca

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http://www.mfda.ca

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