Wealthfront Corporation (NASDAQ:WLTH) Investigated for Misleading Investors by BFA Law – Contact the Firm if You Suffered Losses to Protect Your Rights

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]. IPO Details - Wealthfront completed its initial public offering on December 12, 2025, offering over 34 million shares at a price of $14.00 per share [2]. Financial Performance - The company reported net deposit outflows of $208 million in 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]. - Following the earnings report, Wealthfront's stock price dropped by $2.12 per share, nearly 17%, from $12.59 to $10.47 [4]. Management Insights - CEO David Fortunato attributed the decline in deposits to falling interest rates and highlighted the strategic importance of Wealthfront's new home-lending business [4]. - Fortunato disclosed that he owns a 95.1% stake in the home-lending business and mentioned the possibility of revisiting the ownership structure [4].