Stephen Pavey Meskan, a Cabot Lodge Securities broker and CL Wealth Management investment adviser representative, is the subject of multiple disclosure events reported on his FINRA BrokerCheck profile.

According to FINRA BrokerCheck, Meskan is currently registered with Cabot Lodge Securities LLC and CL Wealth Management LLC. His BrokerCheck report lists 4 customer dispute disclosures, 1 termination disclosure, and 7 judgment/lien disclosures. The report also lists 2 pending customer disputes and 2 final customer disputes. (FINRA BrokerCheck: https://brokercheck.finra.org/individual/summary/2001506)

Meskan has been registered with Cabot Lodge Securities LLC since August 2019 and CL Wealth Management LLC since August 2019. His BrokerCheck report also lists prior registrations with Purshe Kaplan Sterling Investments, FourStar Wealth Advisors, Feltl Advisors, Feltl & Company, Fintegra, Wunderlich Securities, Advanced Equities, Oppenheimer Asset Management, Fahnestock, CIBC World Markets, Olde Discount Corporation, PaineWebber, and Lehman Brothers. (FINRA BrokerCheck PDF: https://files.brokercheck.finra.org/individual/individual_2001506.pdf)

Pending Customer Disputes Reported by FINRA

FINRA BrokerCheck reports a pending customer dispute involving Cabot Lodge Securities LLC. The claimants allege violations of the Wisconsin Uniform Securities Act, fraud/negligent misrepresentation, and negligence regarding various investment products purchased from 2019 to 2025.

The product types listed are variable annuity, mutual fund, and unit investment trust. Alleged damages are listed as $250,000. The matter is reported as FINRA arbitration docket number 26-00914. (FINRA BrokerCheck PDF: https://files.brokercheck.finra.org/individual/individual_2001506.pdf)

BrokerCheck also reports another pending customer dispute involving Cabot Lodge Securities LLC. The claimants allege violations of the Wisconsin Uniform Securities Act, fraud/negligent misrepresentation, and negligence regarding various investment products purchased from 2019 to 2025.

The product types listed are variable annuity, mutual fund, unit investment trust, and private placements. Alleged damages are listed as $250,000, with the explanation that damages are an amount to be determined at trial and that claimants allege $250,000 was originally invested in unsuitable products. The matter is reported as a State of Wisconsin Circuit Court of Waukesha County case, docket number 26-CV000193. (FINRA BrokerCheck PDF: https://files.brokercheck.finra.org/individual/individual_2001506.pdf)

Prior Customer Disputes Reported by FINRA

FINRA BrokerCheck reports a prior settled customer dispute involving Olde Discount Corporation. The allegations included breach of fiduciary duty and alleged losses of approximately $8,000. The matter was reported as settled for $15,000. According to the broker statement, Olde Discount Corporation made a business decision to settle the matter to avoid the costs and risks of litigation, and Meskan did not contribute to the settlement. (FINRA BrokerCheck PDF: https://files.brokercheck.finra.org/individual/individual_2001506.pdf)

BrokerCheck also reports a prior denied customer dispute involving Olde Discount Corporation. The allegations involved a claimed failure to follow beneficiary directives to segregate accounts and sell securities, which allegedly resulted in tax liabilities. The matter was denied, and the BrokerCheck report states that no payment or compensation was made. (FINRA BrokerCheck PDF: https://files.brokercheck.finra.org/individual/individual_2001506.pdf)

Termination Disclosure Reported by FINRA

FINRA BrokerCheck reports a termination disclosure involving Advanced Equities, Inc. The termination type is listed as voluntary resignation, and the allegation is listed as excessive trading. The product type is listed as Equity – OTC. (FINRA BrokerCheck PDF: https://files.brokercheck.finra.org/individual/individual_2001506.pdf)

Important Note for Investors

The allegations reported in FINRA BrokerCheck are allegations only. Pending customer disputes have not been proven, and settled or denied matters may be resolved without any admission or finding of wrongdoing.

However, investors who suffered losses in unit investment trusts, variable annuities, mutual funds, private placements, or other investment products recommended through Cabot Lodge Securities, CL Wealth Management, or a related financial professional may wish to review their account records and speak with an investment loss recovery attorney.

Sonn Law Group represents investors in claims involving unsuitable investments, private placement losses, UIT losses, variable annuity losses, mutual fund losses, broker misconduct, and failure-to-supervise claims.

Investors who suffered losses in complex or unsuitable investment products may contact Sonn Law Group to discuss potential recovery options.