In a strategic move to address the escalating demand for highly specialized financial operations expertise, full-service financial advisory and consulting firm CRC-Oyster has acquired Modern Regulatory Services, LLC (MRS), a prominent consultancy specializing in broker-dealer compliance and Financial Operations (FinOp). Founded in 2004 by Gregory Levine and co-led by Steven Bender, MRS brings a robust track record in managing self-clearing firms and outsourced Chief Compliance Officer (CCO) duties, immediately strengthening CRC-Oyster’s capacity to serve complex broker-dealer and fintech clients.
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Backed by private equity sponsor MidOcean Partners, this transaction represents another pivotal milestone for CRC-Oyster following the merger of Compliance Risk Concepts (CRC) and Oyster Consulting in June 2025. Coinciding with the expansion, the firm has opened a new headquarters in Wayne, Pennsylvania, to support its growing collaborative workforce. Welcoming the integration, “The compliance needs of our broker-dealer clients continue to grow in complexity, and our ability to meet these needs depends on having the right people and the right depth of expertise,” said Mitch Avnet, CEO and Managing Partner of CRC-Oyster. “The addition of MRS brings exactly that and fills a genuine need we’ve seen building across our client base. We’re not just adding headcount; we’re adding capabilities that make us a stronger partner for every firm we serve.”
