Investors Who Acquired Wise Group Securities Encouraged to Contact Kehoe Law Firm
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Wise Group plc (“Wise,” “Wise Group,” or the “Company”) (NASDAQ: WSE).
A securities class action lawsuit has been filed against Wise and certain of its executives on behalf of investors who purchased or otherwise acquired publicly traded Wise securities between May 11, 2026 and July 23, 2026, both dates inclusive (the “Class Period”).
The action, captioned Daugherty v. Wise Group plc, et al., Case No. 1:26-cv-06582, was filed on July 31, 2026, in the United States District Court for the Southern District of New York.
Allegations Against Wise Group
The class action complaint alleges that the Wise Group defendants made materially false and/or misleading statements and failed to disclose material adverse facts concerning Wise’s business, operations, and prospects. Specifically, the complaint alleges that the defendants failed to disclose that Wise’s regulatory risks were materially understated as a result of allegedly deficient anti-money laundering efforts and insufficient efforts to prevent the financing of terrorism.
The complaint further alleges that, as a result, the defendants’ statements concerning Wise Group’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.
Belgian Money-Laundering Investigation
According to the complaint, Reuters reported on June 1, 2026, that the Brussels Public Prosecutor’s Office was investigating Wise’s European entity in connection with matters reportedly involving more than half a billion euros, or approximately $582.5 million, in suspicious transactions.
The complaint states that Reuters reported that the investigation concerned potential money-laundering offenses with alleged connections to fraud, corruption, and drug trafficking. Prosecutors were also reportedly investigating whether international criminal organizations had used Wise Europe’s services.
According to the complaint, following this news, Wise’s U.S.-listed shares declined $0.67 per share, or 5.24%, to close at $12.10 per share on June 1, 2026. The shares subsequently declined $0.56 per share, or 4.6%, to close at $11.54 per share on June 2, 2026, and declined an additional $0.82 per share, or 7.1%, to close at $10.72 per share on June 3, 2026.
OCC Denies Wise’s National Trust Bank Application
On July 24, 2026, The Wall Street Journal reported that the Office of the Comptroller of the Currency had denied Wise’s application to establish a national trust bank.
The OCC stated that the application presented significant supervisory and compliance concerns. Among other matters, the OCC identified deficiencies relating to Wise’s anti-money laundering and countering the financing of terrorism program.
According to the complaint, following this news, Wise’s U.S.-listed shares declined $0.75 per share, or 6.2%, to close at $11.33 per share on July 24, 2026.
September 29, 2026 Lead Plaintiff Deadline
Investors who purchased or otherwise acquired publicly traded Wise securities during the Class Period may, no later than September 29, 2026, seek appointment as lead plaintiff.
Investors are not required to seek appointment as lead plaintiff to remain potential members of the class. The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation.
Wise Investors May Have Legal Claims
Investors who acquired Wise Group securities during the Class Period and suffered financial losses are encouraged to complete Kehoe Law Firm’s Stockholder Information Request Form or contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected], to discuss the class action, the lead plaintiff process or their legal rights.
There is no cost or obligation to speak with the firm.
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.
Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.
Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.
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