WLTH BREAKING NEWS: Wealthfront Corporation CEO Disclosure Triggers Securities Fraud Investigation by BFA Law after 16% Stock Drop -- Investors Notified to Contact the Firm

Core Viewpoint - Wealthfront Corporation is under investigation for potential violations of federal securities laws, particularly concerning misleading statements made during its IPO process [1][3]. Group 1: Company Overview - Wealthfront is an online financial advisor that utilizes automated tools to provide investment and financial advice [2]. - The company completed its initial public offering (IPO) on December 12, 2025, offering over 34 million shares at a price of $14.00 per share [2]. Group 2: Investigation Details - The investigation by Bleichmar Fonti & Auld LLP focuses on whether Wealthfront made false and misleading statements to investors, especially in the IPO offering materials [3]. - The investigation is prompted by significant changes in the company's financial performance following its IPO [3]. Group 3: Financial Performance and Stock Impact - On January 12, 2026, Wealthfront reported its first quarterly results as a public company, revealing net deposit outflows of $208 million, a significant decline from the $874 million inflows during the same period the previous year [4]. - Following the earnings report, Wealthfront's stock price dropped by $2.12 per share, nearly 17%, from $12.59 to $10.47 on January 13, 2026 [4]. - CEO David Fortunato attributed the decline in deposits to falling interest rates and highlighted the strategic importance of the company's new home-lending business [4]. Group 4: Legal Options for Investors - Investors in Wealthfront are encouraged to seek legal options and can submit their information to the law firm handling the investigation [5]. - The representation is on a contingency fee basis, meaning there are no upfront costs for shareholders [5].