Executive Leadership and Team

Mitch Avnet is the founder and Managing Partner of CRC LLC.

Avnet is responsible for business development, relationship management and overseeing the execution of all client driven / business focused Compliance and Ethics Risk Management strategic engagements.

mitch-avnetPrior to launching CRC, Avnet was a member of Corporate Leadership Group (CLG) at Lincoln Financial Group (LFG) where he was Senior Vice President and Chief Ethics and Compliance Officer, having direct oversight of the company’s anti-money laundering, privacy, ethics and compliance risk management programs. In addition, Avnet maintained responsibility for Lincoln’s entire Compliance and Ethics Technology strategic initiatives, developing and implementing a long term strategic approach to upgrade and modernize the effectiveness and efficiency of Lincoln’s overall Compliance programs. Avnet was a member of the Social Media Governance Committee, having direct influence regarding LFG’s overall strategy toward the enablement and usage of Social Media outlets across the LFG footprint.

Throughout the course of Avnet’s 20-year career in the financial services industry, he has worked for top-tier investment banks, commercial banks and hedge funds such as Wachovia Capital Markets, PNC Bank and D E Shaw, developing an extensive knowledge of both buy side and sell side businesses, with a deep understanding of Equity and Fixed Income Markets, Derivative Instruments, Structured Products and Variable Products, Avnet is the epitome of executive leadership.

Over the past 12 years, Avnet has built Compliance Risk Management programs to support the manufacturing / origination and distribution of proprietary products (closed architecture), as well as source third party products on behalf of customers / client relationships (open architecture). During this time frame, Avnet has served in a leadership role, building and integrating Compliance teams to be a meaningful and sought after component of the business process.

Avnet maintains the Series 3, 4, 7, 9, 10, 14, 24, 55, 63 and 65 securities license designations. He obtained his bachelor’s degree in economics, graduating magna cum laude from the State University of New York at Oneonta.

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Dan Dorsky Principal and Head of Anti-Corruption and Ethics

Mr. Dorsky’s background combines public service in the Department of Justice and work in the corporate sector as well as service in private practice and in the nonprofit sector. He has represented companies in dealings with the DOJ and the Securities and Exchange Commission in arriving at favorable resolutions.

dan-dorskyMr. Dorsky served as Senior Compliance Counsel at Tyco where, as part of the post-Dennis Kozlowski clean-up effort over a five-year period, he developed and implemented global compliance with the Foreign Corrupt Practices Act (FCPA). The company’s highly successful resolution with the Department of Justice and the Securities and Exchange Commission resulted in a Non-Prosecution agreement and no monitor. After the merger of Tyco’s Flow Control Division with Pentair, Mr. Dorsky most recently served as Pentair’s Vice President and Chief Compliance Officer, where he brought its Flow Control division to a successful resolution of its three-year period of self-reporting to the DOJ under Tyco’s FCPA settlement.

At Tyco, he led and oversaw global investigations, and helped conceive and drive the implementation of state-of-the-art compliance initiatives, such as Tyco’s groundbreaking Third Party Management Program.

At Pentair, he was also responsible for developing and leading its global compliance organization, including supervising the worldwide investigations group, overseeing its anti-bribery and anti-trust functions, international trade compliance operational teams, mergers and acquisitions anti-corruption due diligence, the Office of Business Conduct and Ethics (global training and education programs and case management), data privacy, Third Party Management Program, and overseeing a globally-based team of compliance attorneys.

Prior to serving at Tyco and then Pentair, Mr. Dorsky was Compliance Counsel at HBO. Before that, he served as an Assistant United States Attorney in the Department of Justice, for both the Southern District of New York and the Eastern District of New York. He focused on complex criminal investigations and prosecutions of white collar crime and tax fraud, among other areas. Mr. Dorsky made material contributions to the effort to dismantle organized crime in New York, including twice prosecuting the legendary boss of the Genovese Crime Family, Vincent “the Chin” Gigante. He was recognized with two US Department of Justice Director’s Awards for Superior Performance.

Mr. Dorsky began his legal career as an associate in private practice, later served in a federal clerkship with the Honorable Carol Bagley Amon of the Eastern District of New York, and worked with the American Civil Liberties Union.

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David J. Amster Principal and Head of Fund and Dealer Advisory

David Amster is responsible for CRC’s business development, client relationship management and for supervising the execution of strategic engagements.

david-amsterDavid joined CRC in September 2016 from CRT Capital Group LLC, where he served for more than 15 years as Managing Director and Chief Compliance Officer. CRT operated as an institutional brokerage, market-maker and investment bank that specialized in high yield and convertible corporate debt, equities, special situations, capital structure arbitrage, securitized products, U.S. Government securities, debt and equity financings and securities research. As CCO, David managed comprehensive global regulatory compliance programs for CRT’s U.S. broker-dealer unit and its FCA-registered UK affiliate, CRT Capital (UK) Ltd. and served as a member of CRT’s Enterprise Risk Committee, Policy Committee, New Product Committee and Capital Commitment Committee. David also served as Managing Director and Chief Compliance Officer of Harbor Drive Asset Management LLC, CRT’s SEC-registered alternative asset advisory affiliate. HDAM managed Harbor Drive Fund, a special situations-centric hedge fund, Pine Street Institutional Partners LP, a fund of hedge funds, and a variance swap strategy designed for separately managed accounts.

David’s Wall Street career began at Salomon Brothers, Inc., the free-wheeling broker-dealer of Liar’s Poker fame. As the Syndicate Desk Coordinator for the Salomon’s Private Investment Department, David first learned the business from the sales and trading perspective and was immersed in the results-oriented culture of a high-energy trading floor. David then headed to FINRA where, as a Field Examiner, he led comprehensive on-site reviews of the books, records and operations of bulge bracket dealers. After FINRA, David joined UBS Investment Bank, LLC as an Associate Director in its Fixed Income Capital Markets Compliance division with primary responsibility for supporting the firm’s Primary Dealership, Rates and Repo Desks.

David earned his BA in Economics from Binghamton University and his MBA in Finance from Fordham University’s Gabelli School of Business.

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Roland Reyes Director of Professional Services

Roland is responsible for the business development and execution of CRC’s compliance engagements. Most recently, he was Director at Wells Fargo Securities, LLC’s Compliance Department. He was responsible for overseeing the Equity Derivatives compliance program covering Structured Products, Corporate and Equity Derivatives, Convertible Securities, and Equity Finance sales and trading desks.

roland-reyesPrior to Wells Fargo, Roland was at Bear Stearns covering its Equity Derivatives Sales and Trading Desks and JP Morgan’s Compliance Surveillance unit covering its listed options activity. Prior to JP Morgan, Roland worked at Salomon Smith Barney’s Retail Compliance Department helping in the coverage of the company’s large retail options business.

Roland has extensive experience in regulatory, compliance and compliance technology matters in the equity derivatives, structured products and convertible securities space.

Roland has the 7, 63, 4, 24, 55, 3, 8 securities licenses. Roland graduated with a B.A. in Economics from Hunter College, CUNY.

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joburchay-bwJeanine Oburchay Supervisory Research Analyst

Jeanine Oburchay has 17+ years of Wall Street experience and 10+ years of experience as an entrepreneur and an industry consultant. Jeanine began her career in the Equity Research Department at Smith Barney, covering special situations. During her tenure on the Street, she also worked in the equity research departments of Oppenheimer, BT Securities and Bear Stearns, covering primarily telecommunications services.

Later, Jeanine moved to the convertible bond market, and worked in the convertible research department at Wachovia Securities. At Wachovia, Jeanine was also a Supervisory Analyst charged with reviewing and approving all written research.

Over the course of her career, Jeanine’s research covered companies from various industries including wireless and wireline telecommunications services and equipment, cable, defense and aerospace, and technology.

Jeanine holds a BS in Finance and an MA in Public Communications from Fordham University, and an MBA from Pace University.

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Jaclyn BowdrenJaclyn Bowdren is an accomplished compliance professional with 10 years experience. Most recently she created, implemented and managed the compliance program for a start-up ATS. Jaclyn has extensive knowledge of the regulatory concerns facing firms focused on electronic trading and specifically firms operating an ATS. She has considerable experience in regulatory reporting and the intersection of technology and compliance. Jaclyn takes an analytical approach to her work, always looking for greater efficiency and the best ways to implement technology for the enhancement of regulatory compliance.

Ms. Bowdren received her Bachelor of Arts in Psychology from the University of Massachusetts, Amherst.

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Lilian Colpas is an accomplished compliance professional with over 12 years of global compliance experience, most recently as compliance officer for Harding Loevner in Bridgewater, NJ. Previously, Lilian held roles as a compliance officer for Davidson Kempner Capital Management and AIG Global Investments (now PineBridge Investments). Lilian also worked as a paralegal for Sidley Austin Brown and Wood and AIG.

Lilian has extensive knowledge of the rules and regulations of the Investment Adviser’s Act of 1940 as well as AML Rules and Regulations. Her IA experience includes: developing compliance calendars, conducting 206(4)7 reviews, managing mock SEC exams and mock audits, reviewing marketing literature, annual, quarterly and monthly compliance testing, U.S. and foreign filing requirements, collaborating with IT departments to automate compliance policies, independent testing of AML programs, updating Form ADV, Code of Ethics compliance, employee training. Lilian’s AML experience includes conducting independent AML testing which included an in-depth review of a mutual fund’s AML program, interviewing the AMLCO, reviewing CIPs for required procedures, and conducting OFAC reviews and investigating and closing alerts.

Lilian received her BA in Criminal Justice from DeSales University and Paralegal Studies Certificate from Fairleigh Dickinson University. Lilian proudly served her country from 2002-2010 as a reservist with the US Navy and served one tour of duty in Baghdad, Iraq. Lilian is a former EMT and currently volunteers her time as a driver for Meals on Wheels and as a children’s liturgy leader for her parish.

Janelle Deegan photo 2Janelle Deegan is an accomplished compliance professional with 12 years of experience. Janelle has extensive knowledge of the rules and regulations of the Investment Adviser’s Act of 1940. Her industry experience includes developing compliance programs, testing compliance policy and procedures, regulatory filings, verifying marketing literature, trade surveillance and Code of Ethics (personal securities trading/reporting) monitoring.

Most recently Janelle provided regulatory advisory services to help organizations enhance their compliance program. Previously, Janelle worked as a Compliance Officer for a SEC registered investment advisor, Trilogy Global Advisors, LP. Before that Janelle worked at Clearbridge Advisors, a Legg Mason Company, where she was a Compliance Associate focusing on trade surveillance. She was also an Assistant Vice President in the compliance department for a hedge fund, Avenue Capital Group. In addition, she worked at Shenkman Capital Management where she provided assistance in their legal and compliance team. Before transitioning to Compliance, she worked at Thomas Wiesel Partners as an Investor Relations Assistant in the Private Equity group, as well as an Administrative Assistant to their Healthcare Banking Team.

Janelle received her Bachelor of Arts in Marketing from the James Madison University.

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Portia Amato is a seasoned Compliance Officer, having over 18 years of investment management experience. Over the course of her career, Portia has specialized in compliance, operations and client services for investment advisors and top tier investment banks. Portia also successfully helped to launched two wrap-fee programs for New York Life Investment Management and US Trust.

As a Compliance Officer at Epoch Investment Management, LLC, Portia did extensive work involving Personal Trade Auditing, SEC Exam preparation work, FED Audit, Volcker Rule Conformance, AML, Vendor Due Diligence, various Regulatory filings such as Form PF, Form D, 13H Large Trader, Form ADV, international regulatory filings, Compliance Procedures and Manuals, Employee Compliance Training, as well as many other aspects of Legal and Compliance.

At DRA Advisors, LLC, Portia was hired as the firm’s first Compliance Officer to implement a firm-wide compliance program and to address the SEC’s focus of real estate investment firms. Additionally, Portia instituted a multitude of compliance policies and procedures, completed all required regulatory filings, worked with outside counsel to complete a prior SEC audit, established marketing and website review procedures, liased with IT to create and launch a cybersecurity policy and conducted compliance training for all employees including targeted training.

Portia is enrolled at Western International University, attended Saint Peter’s University, has a Diploma from Dover Business College in Computer Information Specialist and is scheduled to take her Series 65. Portia’s volunteer work includes Commissioner of American Youth Soccer Organization (AYSO) Region 1089 and coaches’ boys and girls ages 4-10. She is also a 4th Grade Catechist at Saint John’s Parish in her hometown and cooks for a local soup kitchen.

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Scott Brown Prior to joining Compliance Risk Concepts, Mr. Brown was employed as a Principal Examiner at FINRA from 2005 to 2016. Mr. Brown’s responsibilities at FINRA included sales practice and financial examinations of member firms. Sales practice examinations entailed detailed reviews of member firms’ systems of supervision and control, reviews of policies governing marketing and sales of financial products and services (equities, mutual funds, corporate and municipal debt), and detailed reviews of broker-dealers’ anti-money laundering compliance programs. Financial Examinations involved verification of the accuracy of General Ledgers, Trial Balances, Income Statements, Balance Sheets, Net Capital Computations and FOCUS Filings for a diverse universe of broker-dealers.

Prior to his employment at FINRA, Mr. Brown was employed as a Chief Examiner at the Chicago Board Options Exchange (“CBOE”). As the sole representative of the Regulatory Services Division in New York City, Mr. Brown was responsible for completion of the Exchange’s annual Designated Options Examining Authority (“DOEA”) commitment in New York City which included sales practice and financial reviews of member firms’ retail, institutional and proprietary options businesses.

Before his time at the Chicago Board, Mr. Brown worked for the NASD performing pre-membership reviews and interviews in addition to conducting FOCUS filing reviews and routine financial and sales practice audits of large and small member firms.

Mr. Brown received his Bachelor of Arts in Economics from Queens College, City University of New York. He holds the Series 27 (Financial and Operations Principal) License.

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headshot_tom_elwood (2)Tom Elwood was previously the General Counsel of Greylock Capital Associates, LLC (“GCA”), a Delaware limited liability company, which is a holding company for Greylock Capital Management, LLC (“GCM”), an investment adviser registered with the Securities and Exchange Commission (“SEC”) and with the State of New York.

Mr. Elwood has worked within the securities industry since 1974, first as an SEC Compliance Examiner and later as an enforcement attorney. In 1985, he worked as an attorney at PaineWebber in the General Counsel’s Office and in 1986 was chief legal counsel at Furman Selz. His next employment was as mutual fund counsel at New York Life and Chubb Life. While at Chubb Life he took and passed the Series 7, Series 24 exams and was mutual fund counsel as well as in charge of all securities litigations at Chubb Securities Corp. In 1998, Mr. Elwood became General Counsel of Van Eck Global, a global mutual fund manager and of Van Eck Securities and Van Eck Capital Corp., registered broker-dealers. In all of these positions, all compliance functions were supervised by him. In 2004, Van Eck spun off Greylock Capital Associates, which became the parent company of two registered investment advisers and Van Eck Capital, a registered broker dealer.

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Christine Horan is an accomplished regulatory compliance professional with over 15 years of experience.She has enjoyed repeated success creating and implementing robust compliance programs for federally registered financial services and private equity firms with both institutional and individual investors.  Christine’s considerable experience includes large traditional financial services firms as well as alternative investment firms.  Christine’s experience has included client management, program implementation and process improvement.  She takes a hands-on leadership approach to her work and is able to balance multiple responsibilities simultaneously.  Ms. Horan has spent the last eight years creating new compliance programs and implementing process improvements, which enhances her ability to understand a client’s needs and provide immediate value.

Ms. Horan received her Bachelor of Arts in Liberal Studies from St. Anselm College and her Masters of Science is Criminal Justice from Suffolk University.

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Valerie LewisValerie Pierrat is an accomplished compliance professional with over 15 years of experience in Financial Services combining compliance and operations knowledge with integrity to effectively balance needs of clients, independent board members and management. She has been repeatedly successful in meeting diverse challenges related to a changing regulatory environment, institutional client/board relations, and business implementation. Valerie has managed a broad range of compliance matters related to registered investment vehicles, including– board consolidation and committee structure, oversight of third-party service providers, contract reviews, liability and D&O/E&O insurance requirements, proxy voting, and SEC exams. Having been previously employed by some of the nation’s largest financial institutions, Valerie has managed compliance matters for top international asset managers, and most recently served as Chief Compliance Officer for the wealth management division of a large national bank, where she developed and implemented compliance programs for both the bank’s registered investment adviser and its proprietary mutual fund.

Valerie graduated from Tuft’s University with a Masters of Fine Arts and received her Executive Masters of Business Administration from Claremont Graduate University.

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Charlene Wilson worked for The PNC Financial Services Group, Inc. (“PNC”) for over 35 years until retiring in 2013.  During her career at PNC, Ms. Wilson performed financial analysis of departments of PNC Bank, assisted in budget preparation, audited departments of PNC Bank, performed analysis of various acquisition candidates, had responsibility for month end close of over 30 subsidiaries of PNC, prepared and reviewed monthly reconcilements, managed over 10 employees and was the designated Financial and Operations Principal (“FINOP”) for PNC’s numerous broker/dealers.

Ms. Wilson has been a licensed FINOP for approximately 25 years.  In her role as FINOP, Ms. Wilson was responsible for several of PNC’s broker/dealers including both retail and institutional firms and fully disclosed and self-clearing firms.  Her responsibilities included filing of FOCUS reports, computation of reserve formula requirements, and preparation of financial statements for year-end audit, review of all reconcilements and general ledger entries and interaction with FINRA and SEC regulators as well as external auditors.

Ms. Wilson received her BSBA degree from Robert Morris University and her MBA from the University of Pittsburgh.  Ms. Wilson was a licensed Certified Public Accountant in Pennsylvania for over 30 years.  Ms. Wilson currently serves on the FINRA Series 27/28 Qualification Examination Committee.