Stephen Meskan: $250K Complaint Against Cabot Lodge Advisor

Chicago, Illinois financial advisor Stephen Meskan (CRD# 2566829) allegedly misrepresented investments, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Cabot Lodge.

Mr. Meskan’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in February 2026, alleges that as a representative of Cabot Lodge, he violated securities law, committed fraud, acted negligently, and misrepresented investments in private placements, unit investment trusts, and other products. The pending complaint alleges damages of $250,000.

An earlier investor complaint, filed in 1999, alleged that as a representative of Olde Discount Corporation, he breached his fiduciary duty. The complaint reached a settlement of $15,000.

Investors should be aware that FINRA rules prohibit brokers from providing misleading information regarding the products they recommend, an act commonly referred to as “misrepresentation.” FINRA Rule 2020 specifically stipulates that brokers may not “effect any transaction in, or induce the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.” Brokers who make misrepresentations regarding their investment recommendations may cause their clients to purchase unsuitable products, in violation of FINRA Rule 2111. Representatives who misrepresent and/or recommend unsuitable investments may be held liable for damages in the event of losses.

According to the Financial Industry Regulatory Authority, Stephen Meskan holds 35 years of securities industry experience. Based in Chicago, Illinois, he has been registered as a broker and an investment advisor with Cabot Lodge since 2019. His past registrations include Purshe Kaplan Sterling, FourStar Wealth Advisors, Feltl Advisors, Feltl & Company, Fintegra Financial SOlutions, Wunderlich Securities, Advanced Equities, Oppenheimer Asset Management, Fahnestock & Company, CIBC World Markets, Olde Discount Corporation, Painewebber, and Lehman Brothers. His credentials include the passage of eight securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Registered Options Principal Examination, or Series 4; the General Securities Sales Supervisor Exam – Options Module & General Module, or Series 8; the General Securities Principal Examination, or Series 24; the Investment Company Products/Variable Contracts Representative Examination, or Series 6TO; the General Securities Representative Examination, or Series 7; the Uniform Combined State Law Examination, or Series 66; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 22 state licenses. (Information current as of April 26, 2026.)

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