GlobeNewsWire
16 Jun 2026, 20:54 UTC · 1h ago
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Pomerantz LLP is investigating potential securities fraud and unlawful business practices by Wealthfront Corporation and its executives. — Legal investigations into securities fraud often precede class-action lawsuits and can lead to significant regulatory penalties or loss of investor confidence.
-0.60Wealthfront's total net deposits declined 69% year-over-year to $554 million as of the first quarter 2026 results. — A massive decline in net deposits indicates a severe erosion of the company's core asset base and growth trajectory.
-0.50Wealthfront's gross profit margin has decreased year-over-year, partially attributed to startup expenses for 'Wealthfront Home Lending'. — Margin compression suggests that new product expansions are currently weighing on profitability without immediate offsetting gains.
-0.30Which stocks this story touches
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The company is under investigation for potential securities fraud following significant stock price drops and declining net deposits.
The company is the subject of a legal investigation by Pomerantz LLP on behalf of investors.
The company is the subject of a legal investigation by Pomerantz LLP on behalf of investors.
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