In Capitalist America, free market bans you.
When the “free market” moves against the people in power that control it, they exert their power and reign it in.
Why aren’t regulators stepping in to stop Robinhood and all the other brokers who are manipulating the market by blocking their own customers?
Edit: and I guess people reading this don’t like it. Would love a reply with a reason why though.
Whether nefarious or not, it is chalked up to preserving faith in the market by giving breathers when things get too wonky
There are mechanisms in place that do this automatically. It's done at the exchange level and includes ALL trades (buy and sell) on a particularly volatile stock. This is functioning normally. GME has been halted many times over the past few days.
But what OP is describing is not that. This is retail brokerages, where normal people buy and sell, disabling the "buy" on certain stocks and only allowing "sell". Without the ability to buy, the stock price can only go one way; Down.