Davee Schulte: Raymond James Advisor Lands Misappropriation Complaint

Chula Vista, California financial advisor Davee Schulte (CRD# 2814412) allegedly misappropriated customer funds, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Raymond James Financial Services.

Mr. Schulte’s BrokerCheck report discloses one investor complaint. Filed in October 2025, it alleges that as a representative of Raymond James Financial Services, he misappropriated customer funds. The pending complaint alleges unspecified damages.

Investors should be aware that the misappropriation of investor funds is forbidden by FINRA Rule 2150. This rule stipulates that no FINRA-registered person “shall make improper use of a customer’s securities or funds.” Misappropriation may also be considered a violation of FINRA Rule 2010, which states that brokers like Mr. Schulte are required “observe high standards of commercial honor and just and equitable principles of trade” in the conduct of their business. Representatives who contravene these rules may be held liable for damages and/or subject to disciplinary action.

According to the Financial Industry Regulatory Authority, Davee Schulte holds three years of securities industry experience. Based in Chula Vista, California, he has been registered as a broker and an investment advisor with Raymond James Financial Services since 2023. He was previously registered with UnionBanc Investment Services in San Diego, California from February 2017 until June 2017. His credentials include the passage of five securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Combined State Law Examination, or Series 66; the Uniform Securities Agent State Law Examination, or Series 63; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; and the General Securities Representative Examination, or Series 7TO. He is licensed in Arizona, California, Kentucky, and Virginia. (Information current as of December 6, 2025.)

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