Acquisition strengthens the firm’s capacity to serve complex broker-dealer clients and adds experienced FinOp professionals to the CRC-Oyster team
CRC-Oyster, a full-service consulting firm providing compliance, risk, operational, and technology advisory services for the financial services industry, has acquired Modern Regulatory Services, LLC (“MRS”), a consulting firm specializing in broker-dealer compliance and Financial Operations (FinOp) support. The addition of MRS builds on CRC-Oyster’s momentum as a full-service compliance partner for broker-dealers, registered investment advisers, fintech firms, and other financial services organizations.
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MRS was founded by Gregory Levine in 2004, and together with business partner, Steven Bender, bring extensive backgrounds in broker-dealer compliance, including experience with self-clearing firms and outsourced Chief Compliance Officer engagements. The acquisition adds experienced FinOp principals and senior broker-dealer compliance professionals to CRC-Oyster’s team, which will provide an immediate benefit and added depth amid growing client demand for specialized resources in these areas. In addition to his compliance work, Levine operates Gregory Levine Law, a legal practice focused on the formation of financial services organizations, a capability that further expands the services CRC-Oyster can bring to bear for clients.
This is the firm’s second acquisition. In Dec. 2023, CRC received a growth investment from MidOcean Partners, which has supported the organization’s ongoing growth. In June 2025, the firm acquired Oyster Consulting, a combination that nearly doubled the firm’s size and scope. The acquisition of MRS represents the firm’s continued commitment to deepening its broker-dealer vertical and expanding capacity without sacrificing service quality.
“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.”
Levine and Bender added: “We built Modern Regulatory Services on the belief that broker-dealer compliance requires practitioners who understand the business, not just the rulebook. CRC-Oyster shares that philosophy, and joining their platform gives us the infrastructure and reach to serve more firms and deliver even greater value to the clients we have built relationships with over the years. We are excited to take this next step together.”
Amid its ongoing growth, CRC-Oyster has also opened a new headquarters. Located at One Devon Square (724 W. Lancaster Avenue) in Wayne, Pa., the location provides space to support CRC-Oyster’s growing team and enhance collaboration across its advisory practices.
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