So if a new investor puts a stop loss order in at a 60% loss, brokers let them exit their position and then didn’t let them back in? This seems unconscionable

So if a new investor puts a stop loss order in at a 60% loss, brokers let them exit their position and then didn’t let them back in? This seems unconscionable given the >300 point volatility today and the large number of brand new investors. It’s hard to imagine how these actions didn’t benefit wallstreet at the expense of regular people.