Kevin Hagan and Richard Bohack, Global Arena Capital Corp.—Failure to Properly Perform Supervisory Responsibilities

Ponzi scheme attorneysKevin Hagan and Richard Bohack, of Global Arena Capital, Allegedly Failed to Properly Perform Supervisory Responsibilities

Kevin Hagan and Richard Bohack, of Global Arena Capital, allegedly failed to properly perform supervisory responsibilities, according to FINRA Documents presently being reviewed by attorneys Alan Rosca and Joe Peiffer.

Hagan, from April 14, 2014 to June 5, 2015, was delegated certain supervisory responsibilities in the NYC Sixth Avenue Branch of Global Arena, but allegedly failed to adequately discharge his supervisory responsibilities, FINRA notes.

The Peiffer Rosca Wolf securities lawyers are currently investigating Global Capital’s Kevin Hagan and Richard Bohack’s alleged failure to adequately perform supervisory responsibilities.

Richard Bohack Allegedly Failed to Adequately Supervise Brokers at Global Capital’s Sixth Avenue Branch

Richard Bohack allegedly failed to adequately supervise the brokers at the Sixth Avenue Branch, including by failing to respond appropriately to red flags of widespread sales practice violations, according to FINRA Documents presently being reviewed by attorneys Alan Rosca and Joe Peiffer.

Bohack, from April 14, 2014 to June 5, 2015, was delegated certain supervisory responsibilities in Global Capital’s NYC Sixth Avenue Branch, but allegedly failed to adequately discharge his supervisory responsibilities as the designated reviewer of the branch’s trade blotter and exception reports. FINRA notes. Accordingly, Hagan and Bohack both allegedly violated FINRA Rules, FINRA reports.

In settling the actions, the respondents neither admitted nor denied the charges, but consented to the entry of FINRA’s findings. The two individuals sanctioned for non-cooperation were sanctioned pursuant to a summary proceeding and not pursuant to settlement, and thus they did not consent to entry of any FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged failure to properly perform supervisory responsibilities. They are currently investigating Global Capital’s Kevin Hagan and Richard Bohack’s alleged failure to properly perform supervisory responsibilities. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Global Capital’s alleged failure to properly perform supervisory responsibilities may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1123 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.