WEALTHFRONT INVESTIGATION: Wealthfront Corporation (WLTH) Investigated for Misrepresentations About Its Home-Lending Business, Contact BFA Law If You Lost Money

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]. Company Overview - Wealthfront is an online financial advisor that utilizes automated tools to provide investment and financial advice [2]. - The company completed its IPO on December 12, 2025, offering over 34 million shares at a price of $14.00 per share [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]. Financial Performance - Wealthfront reported net deposit outflows of $208 million for its first quarterly results as a public company, a significant decline from the $874 million in inflows during the same period the previous year [4]. - CEO David Fortunato attributed the outflows to falling interest rates and highlighted the strategic importance of the company's new home-lending business [4]. - Following the earnings report, Wealthfront's stock price dropped by $2.12 per share, nearly 17%, from $12.59 to $10.47 [4].