Robinhood, Fidelity, Schwab, and E*Trade all do this for the same reason. Here is what is going on.
You go to sell a position and the broker blocks it, greys out the sell button, or shows the stock as unpriced. This happens the same way at Robinhood, Fidelity, Schwab, E*Trade, and the rest, and it is usually not a glitch with your account.
When a company stops filing current information with the SEC, broker-dealers are barred under SEC Rule 15c2-11 from publishing a public quote for it. No public quote means most brokers will not route a retail order, so the security sits in your account unpriced and unsellable. The stock has usually moved to a restricted tier called the Expert Market, where trading is limited to certain professionals.
That depends on the company, not the broker. If the company catches up on its filings, quotes can return and your broker may let you trade again. If the company is insolvent or has gone dark for good, the honest answer is usually no, and waiting does not change that.
Confirm the ticker's filing status first, which tells you which situation you are in. Then, if it is genuinely stuck, there are still steps worth taking: documenting a worthless-securities tax loss if it qualifies, confirming your share count with the transfer agent, and checking your state unclaimed-property database. None of these require the broker to cooperate.
Start here, free. Check whether a ticker is still filing with the SEC and see why it may have lost its quote. No signup, no card.
If the position looks stuck, the Trapped Shareholder Toolkit ($29.99) gives you the document templates and step by step guidance to document a worthless-securities tax loss, request your records from the transfer agent, and search state unclaimed property. Information and templates only, not legal, tax, or investment advice.
This guide is general information and document education only. It is not legal, tax, or investment advice, and nothing here is a promise that any security can be sold or recovered. Talk to a qualified professional about your own situation.
Each week: the micro and small-caps now showing dilution or paid-promotion signals, with the SEC filing behind every flag. No recommendations, no price targets.