Craig Michael Skop (CRD #2301924) Has Customer Dispute and Civil Event Disclosures on FINRA BrokerCheck

Craig Michael Skop (CRD #2301924) is currently registered with ThinkEquity LLC and has customer dispute and civil event disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on March 26, 2026. It reflects four customer disputes and one civil event. If you invested with Craig Skop and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Craig Skop’s FINRA BrokerCheck Report reflects four customer dispute disclosures. Under the disclosure limit, two examples are summarized below. Two additional customer dispute disclosures remain on the report.

On December 22, 2025, a customer alleged Craig Skop recommended an unsuitable investment while he was associated with ThinkEquity LLC. The claim seeks $215,990 and remains pending in FINRA arbitration. Craig Skop’s FINRA BrokerCheck report also includes a broker statement disputing the claim and stating the respondents plan to defend the case.

On November 27, 2000, a customer alleged mismanagement of an account and sought $20,000 in damages. Craig Skop’s FINRA BrokerCheck report states the firm determined the complaint lacked merit, and the matter closed with no action on December 18, 2000.

Civil Event

Craig Skop’s FINRA BrokerCheck Report also reflects one final civil event disclosure. A summary of that disclosure is below.

On January 31, 2000, the Utah Division of Securities filed a civil action tied to activity at R.D. White & Co., Inc. Craig Skop’s FINRA BrokerCheck report states the matter involved omission of material fact, undisclosed compensation, and churning. The case ended by consent in July 2005. BrokerCheck also shows a $2,500 fine, which was paid in August 2006.

Craig Skop’s FINRA BrokerCheck report also includes a broker comment stating his attorney consented to the stipulation and consent without notifying him.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a broker to have a reasonable basis to believe a recommendation is suitable for the customer. The rule can also apply when trading activity becomes excessive for the customer’s profile.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires brokers and firms to observe high standards of commercial honor and just and equitable principles of trade. Disclosures involving undisclosed compensation or material omissions can raise concerns under this rule.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Craig Skop:

Is currently registered with ThinkEquity LLC.

Has passed the Securities Industry Essentials (SIE) exam. Craig Skop has passed Series 24, Series 7, and Series 63.

Was previously registered with firms that include Joseph Gunnar & Co. LLC, Aegis Capital Corp., and Oppenheimer & Co. Inc.

Kurta Law Can Help

If you have worked with Craig Skop and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Unsuitable Investments | Securities Attorney

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. The firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.