John Rose actually said...

if this is material, then everything is material, and if everything is material, then nothing is informative for the investing public.

the scope of this rule, in my view, is clearly intended to provide information for blame-and-shame exercises beyond the materiality requirem...

I was further determined to speak out against this rule and expose what I believe is Chair Gensler's detrimental conduct.

Several market participants have indicated that this threshold is alarmingly low.