This is outrageous. Not just loss of profits, but them selling triggers HUGE tax obligations to the IRS. A brokerage cannot just do that on its own. It's bad enough to stop trading for an illegitimate reason. It's another to actually SELL without authorization. I would sue for specific performance requiring that Robinhood actually replace the shares of stock that that they sold for each account holder. That would require purchases, and take the stock back up.
This is outrageous. Not just loss of profits, but them selling triggers HUGE tax obligations to the IRS. A brokerage cannot just do that on its own. It's bad enough to stop trading for an illegitimate reason. It's another to actually SELL without authorization. I would sue for specific performance requiring that Robinhood actually replace the shares of stock that that they sold for each account holder. That would require purchases, and take the stock back up.