Raymond James Stockbroker Accused of Misappropriation

Davee Schulte of Chula Vista, California, a stockbroker associated with Raymond James Financial Services has been accused of misappropriating customer funds.

FINRA Public Disclosure shows that in October 2025, an investor alleged or complained that Schulte misappropriated customer funds. The complaint does not specify damages, nor do these claims appear to be the subject of a customer initiated, investment related FINRA Securities Arbitration claim.

A complaint alleging or accusing a stockbroker of misappropriation is a serious charge. Investors sometimes make these allegations without any basis in fact. Stockbrokers very rarely actually misappropriate customer funds. However, investors need to be vigilant.

FINRA’s disciplinary-action database revealed at least 50 disciplinary actions involving misappropriation or conversion of funds. These actions do not include or only partially include instances where a stockbroker is permanently barred by FINRA, not for stealing customer funds, but for failing to cooperate with FINRA’s investigation of the stockbroker stealing customer funds.

The Guiliano Law Group, P.C.

For more than thirty years, our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or a confidential evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

Nicholas J. Guiliano has an“AV” Rating,” (Highest Rating in Both Legal Ability & Ethical Standards) and Client Champion Martindale Hubbell. AVVO Rating of 10 (Superb), AVVO Five Star Rated Client’s Choice Award, and for more than a decade, Nicholas J. Guiliano has also been honored as one of America’s Most Honored Lawyers (Top 10% Nationwide).

If you believe that you have been the victim of misconduct or fraud, contact us for a free consultation. We handle all cases on a contingency fee basis meaning that there is no cost or obligation, unless we are able to make a recovery for you.