MFDA Hearing Panel issues Reasons for Decision in the matter of International Capital Management Inc., John Paul Sanchez and Javier Andreas Sanchez

TORONTO, Feb. 6, 2017 /CNW/ - A Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA") has issued its Reasons for Decision ("Reasons for Decision") in connection with a hearing held in Toronto, Ontario on December 16, 2016 in the matter of International Capital Management Inc. ("ICM"), John Paul Sanchez ("John Sanchez") and Javier Andreas Sanchez ("Javier Sanchez") (collectively, the "Respondents"). In its Reasons for Decision dated February 2, 2017, the Hearing Panel outlines its reasons for imposing certain terms and conditions on the Respondents' conduct of securities related business.

A copy of the Reasons for Decision 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.

SOURCE Mutual Fund Dealers Association of Canada

For further information: Charles Toth, Director, Litigation, 416-943-4619, ctoth@mfda.ca

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http://www.mfda.ca

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