Andrew W. Davitt: Lawyer with Marshall Dennehey Warner Coleman & Goggin, P.C.

Andrew W. Davitt

Andrew W. Davitt is a shareholder with Marshall, Dennehey, Warner, Coleman & Goggin and serves as the Chair of the Securities and Investment Practice Group.
Shareholder; Chair, Securities & Investments Professional Liability Practice Group
Philadelphia,  PA  U.S.A.
Phone(215) 575-2679

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AV® Preeminent

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Practice Areas

  • Securities
  • Business Organizations
  • Financial Planning
  • Insurance Agent/Broker
  • Director & Officer Litigation
University St. Joseph's University, M.B.A. Candidate Classes; Drexel University, Philadelphia, Pennsylvania; Mansfield University, B.A., 1980
Law SchoolUniversity of Baltimore School of Law, Baltimore, Maryland, J.D., 1987
Admitted1988, Pennsylvania; 1990, New Jersey; 1991, District of Columbia; U.S. District Court Eastern District of Pennsylvania; U.S. District Court Middle District of Pennsylvania; U.S. District Court Western District of Pennsylvania

Associations & Memberships

•Delaware Valley Society of Financial Planning Association (FPA) Counsel and Past Board of Directors, Member
•District of Columbia Bar
•FINRA Arbitrator
•National Society of Compliance Professionals
•New Jersey Bar Association
•Pennsylvania Bar Association
•Pennsylvania Securities Commission Attorney Advisory Committee, Member
•Philadelphia Bar Association, Securities Regulation Committee
•Securities Industry
•The Financial Industry Regulatory Authority (FINRA), Arbitrator


As the chair of the firm's Securities and Investment Professional Liability Practice Group, in addition to handling cases and securities clients, Andrew coordinates and oversees the activities of a dedicated group of lawyers throughout the firm's offices. Andrew has successfully represented investment firms, professionals, registered investment advisors, financial planners and insurance agents in matters involving business disputes, customer complaints, regulatory inquiries/investigations, mediations, arbitrations and litigation. He has significant experience representing clients in various forums including litigation, arbitration, mediation, internal investigations, regulatory examinations and investigations.

Andrew and his group members represent the interests of FINRA member broker-dealers, registered representatives, certified financial planners, RIAs, insurance agents and brokers, and other securities and insurance industry professionals throughout the United States. As well, he is called upon by investment firms to conduct investigations and conduct seminars and presentations on timely business and investment topics. This team also counsels and represents brokers and firms on employment issues and litigation.

Andrew's background includes licensure as an insurance agent in the states of Pennsylvania and New Jersey, licensure as a real estate agent in Pennsylvania, and licensed with various states and with FINRA as a Registered Representative. He has experience as a broker with FINRA and New York Stock Exchange member investment firms as well as an independent FINRA member broker-dealer.

In addition to his Series 63 and Series 7 licensure, he was licensed as an Associated Registered Investment Adviser. Andrew's work background also includes his position as Professional Liability Specialist with a major insurance company handling professional liability matters such as accountant malpractice, tax-shelter/limited partnership matters and miscellaneous professional liability litigation (directors and officers, legal malpractice, coverage).

As a lecturer and guest speaker, Andrew has made presentations for various organizations and broker-dealers in relation to securities business and practices, directors and officers, and investment related matters. He has also authored numerous articles for brokerage firms, the Delaware Valley Society of Financial Planners, Defense Digest, and other publications and organizations. He also serves as a securities arbitrator for FINRA and previously served on the Board of Directors for the Delaware Valley Society of the FPA, which services New Jersey, Delaware and Pennsylvania. He has served as outside counsel to the Delaware Valley Society of the FPA.

Andrew is a Certified Litigation Management Professional with the Claims and Litigation Management Alliance (CLM) and is an instructor in the CLM Claims College. He is also a member of the Professional Liability Underwriting Society (PLUS).

Andrew graduated from Mansfield University in 1980 and completed his juris doctor in 1987 at the University of Baltimore School of Law.

Honors & Awards

•AV Preeminent by LexisNexis Martindale-Hubbell
•Pennsylvania Super Lawyer, 2007

Year Joined Organization


Classes/Seminars Taught

•School of Professional Lines, CLM Annual Claims College, September 7-10, 2014

Brokers and Financial Advisors Transitioning, Legal Obstacles and Issues, Featured Speaker, Financial Services Institute (FSI) National Conference, 2013

The New FINRA Rules and the Effect on Future Claims, featured speaker, 6th Annual National E&O Insurance ExecuSummit, June 2012

Mile High Compliance Workshop, Speaker, Denver, Colorado

CE and Practice Management Conference, Featured Speaker, MML Investor Services, Inc., 2008

Variable Annuity Due Diligence and Sales Practices: C.Y.A. Equity Index Annuities

Compliance Boot Camp

Selling and Servicing Senior Citizens

Compliance Best Practices Boot Camp

Best Practices Boot Camp: Tales from the Trenches...The Perspective of Outside Legal Counsel

Investment Professionals Annual Firm Compliance Workshop

Practice Management & Compliance Boot Camp 101...The Perspective of In-House and Outside Counsel

Best Practices Boot Camp: Scared Straight! Tales from the Trenches

The Basics and Recent Developments in the Financial Institution Arenas

Mutual Fund Sales Practices

Regulatory Environment and Overview

Financial Institutions and Broker/Dealers; Claims and Underwriting in the USA

Arbitration, Litigation & Compliance Management in the Financial Services Industry

Tales From the Trenches and Perspectives of Outside Counsel: Investment Best Practices Securities 101

Investments Professionals Best Practices Boot Camp 101

Broker/Dealer Issues

Securities Arbitrator Training and Education

Handling of Securities Claims

Analyzing Securities Matters

Scared Straight

When Your Client Is No Longer Your Friend

Customer Complaints and Regulatory Inquiries

CYA Covering Your Assets, Surviving the Bear Market

Mediating a Securities Case

Business and Risk Management

•Various speaking engagements for broker-dealers, RIAs, FPAs representatives and other organizations


•Certified Litigation Management Professional with the Claims and Litigation Management Alliance (CLM)

Pro Bono Activities

•Volunteer, Philabundance

•Volunteer, Philadelphia Distance Run

•Volunteer, Habitat for Humanity


Five Marshall Dennehey Attorneys to Serve as Faculty at CLM Claims College

August 24, 2015

Attorneys James H. Cole, Andrew W. Davitt, Eric A. Fitzgerald, Edward J. McGinn, Jr. and Matthew S. Schorr, all shareholders at civil defense litigation firm Marshall Dennehey Warner Coleman & Goggin, will serve as faculty at the Claims and Litigation Management Alliance's (CLM) annual Claims...

Marshall Dennehey Attorneys to Serve as Faculty at CLMs 2014 Claims College

September 2, 2014

Marshall Dennehey shareholders Eric A. Fitzgerald, Andrew W. Davitt and Matthew S. Schorr will serve as faculty at the CLM's annual Claims College, to be held September 7-10, 2014, at the Philadelphia Marriott Downtown, in Philadelphia, Pennsylvania.Eric A. Fitzgerald, CPCU, CLU, will address the...


Legal Update for Securities

Law Alerts • March 20, 2015

Recent Litigation VictoriesIn a recent FINRA arbitration, Stanley Abel v. Janney Montgomery Scott, FINRA Arbitration No. 14-00018, Sam Cohen (Philadelphia, PA) obtained a directed verdict on behalf of his clients, Janney Montgomery Scott LLC, and..., The material in this law alert has been prepared for our readers by Marshall Dennehey Warner Coleman & Goggin. It is solely intended to provide information on recent legal developments, and is not intended to provide legal advice for a specific...

On the Pulse...Securities and Investment Professional Liability Practice Group

Defense Digest Article • December 17, 2013

By Andrew W. Davitt, Esq. and Joel Wertman, Esq.*The Marshall Dennehey Securities and Investment Professional Liability Practice Group is devoted to handling virtually all litigation-related issues facing securities and investment professionals...., Defense Digest, Vol. 19, No. 4, December 2013Defense Digest is prepared by Marshall Dennehey Warner Coleman & Goggin to provide information on recent legal developments of interest to our readers. This publication is not intended to provide...

Reported CasesPublished Works: Selling Investments to and Advising Senior Citizens, Co-Author with Rachael Luken, Esquire; Senior Citizens: Seller Be Warned Versus Buyer Beware!; Agents Beware!; Managing Client Expectations and Customer Complaints; Investment Tidbits; Bobbing, Weaving and Keeping Your Business Alive: The Ever Changing Regulatory Environment Rules; Regulators Scrutinize Variable Annuity Sales and Switching, Co-Author with Adam Bronstein, Esq; Risk Management for the Professional Advisors: New Changes in the Tax Law; Professional Liability Errors and Omissions Insurance: the Dilemma Financial Planners Insurance and 'Go Naked' or Cover Your Assets When Your Client Is No Longer Your Friend; Regulators on the Prowl; Ideas for Financial Planning, Investment and Insurance Professionals to Protect and Defend Against Customer Complaints, Regulatory Inquiries and Litigation; Twelve Simple Ways for Investment and Insurance Professionals to Protect Themselves and Defend Against Customer Complaints; Securities Arbitration Program to Undergo Overhaul; Various Articles, Pennsylvania Institute of CPA's Journal, Claim of the Month

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FINRA Presents Bond Disclosure Revisions for Public Comment
Terrance A. Bostic,Jeffrey J. Chomko,Samuel E. Cohen,Andrew W. Davitt,Denis C. Dice, April 9, 2015
In an effort to increase transparency about potentially hidden markups in bond transactions, FINRA proposed potential rule revisions for public comment. The proposed rule changes, a companion to an almost identical proposal put forth by the MSRB covering municipal bonds, require bond dealers in...

SEC Poised to Clarify Standard of Care for Investment Brokers and Investment Advisors
Terrance A. Bostic,Jeffrey J. Chomko,Samuel E. Cohen,Andrew W. Davitt,Denis C. Dice, April 9, 2015
The SEC has announced that it will be revisiting the question of whether to establish a uniform standard of care that would cover both investment brokers and investment advisors. Currently, investment brokers or registered representatives are governed by the suitability standard because they...

Wall Street and FINRA at Odds Over FINRA’S Comprehensive Automated Risk Data System
Terrance A. Bostic,Jeffrey J. Chomko,Samuel E. Cohen,Andrew W. Davitt,Denis C. Dice, April 9, 2015
The Securities Industry and Financial Markets Association, a Wall Street lobbying group, has joined in the criticism of FINRA’s announced Comprehensive Automated Risk Data System (CARDS). In a 63-page letter, the group criticized the proposed CARDS program for the projected cost of...

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Office Information

Andrew W. Davitt

2000 Market Street, Suite 2300
PhiladelphiaPA 19103


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