Robert W. Doty, Esq.

President and Proprietor, AGFS
402 Chinquapin Round Road, Suite 2-i
Annapolis, MD 21401

Work: 916-761-3432
Cell: 916 761 3432

Municipal securities; municipal bonds; public finance; types of municipal securities issues; risks; federal and state securities laws and common law; due diligence; disclosure; fiduciary duty; agency; municipal advisors; underwriters; issuers; bond counsel; issuer counsel; underwriter counsel; trustees; private borrowers and obligors; conduit bonds; roles and responsibilities of parties; municipal securities regulation

Robert Doty has provided municipal securities litigation consulting and municipal bond expert witness services to lawyers for 30 years. Mr. Doty has consulted in approximately 150 cases in almost three dozen states with counsel to underwriters, investors, issuers, legal counsel, municipal advisors, enforcement agencies and others. He has testified in depositions and at trial approximately 80 times in disputes related to disclosure, due diligence, fiduciary duty and roles and responsibilities of parties. Mr. Doty has testified as an expert on the finance industry in federal courts in Illinois, Kentucky and Iowa, and in state courts in Arizona, California, Colorado, Connecticut, Florida, Nevada, New Jersey and Virginia; and before Administrative Law Judges of the Securities and Exchange Commission; arbitration panels of the Financial Industry Regulatory Authority and the American Arbitration Association; and by video, a special legislative investigative subcommittee of the New Mexico House of Representatives in an impeachment proceeding. Mr. Doty served in the corporate securities and municipal bond markets over a 45-year career as a securities lawyer, bond and underwriter counsel, investment banker and financial advisor to issuers. Mr. Doty also has served as a drafter, working with national industry committees, of recognized industry guidance published by national and regional organizations. He has written over 80 articles and several books on municipal finance, including Expanding Municipal Securities Enforcement: Profound Changes for Issuers and Officials (International Municipal Lawyers Association 2016), the Bloomberg Visual Guide to Municipal Bonds (John Wiley & Sons and Bloomberg Press 2012) and Municipal Securities Law & Practice: Regulation, Disclosure and Enforcement (Bloomberg BNA 2014, rev. 2015, 2016). You can find additional biographical information at