There were extensive discussions previously about passive investors being taken for a ride:

https://news.ycombinator.com/item?id=47392550

And Michael Burry also wrote a long post about it:

https://x.com/michaeljburry/status/2032483200404992209

The question is what can we do about it? Nasdaq finalized these rule changes already. It seems like this got rammed through and now it is happening. And I don't expect Trump's corrupt SEC to do anything about it. Who else can we appeal to?