... OK a quick look, as much time as I can spend looking at Windows. I have a Windows systems that used to have a recent-ish install (2019.6??) on it..and the old plugin directories still there, and it seems has a similar issue as well at least in that past install, I can't run a 2019.12 install there now.
Code:
C:\Program Files\Common Files\Avid\Audio>icacls Plug-Ins
Plug-Ins Everyone:(F) <--- Oops !
Everyone:(OI)(CI)(IO)(DE,Rc,WDAC,WO,GW,GE,GA,RD,WD,AD,REA,WEA,X,DC,RA,WA)
Everyone:(I)(F)
Everyone:(I)(OI)(CI)(IO)(DE,Rc,WDAC,WO,GW,GE,GA,RD,WD,AD,REA,WEA,X,DC,RA,WA)
NT SERVICE\TrustedInstaller:(I)(F)
NT SERVICE\TrustedInstaller:(I)(CI)(IO)(F)
NT AUTHORITY\SYSTEM:(I)(F)
NT AUTHORITY\SYSTEM:(I)(OI)(CI)(IO)(F)
BUILTIN\Administrators:(I)(F)
BUILTIN\Administrators:(I)(OI)(CI)(IO)(F)
BUILTIN\Users:(I)(RX)
BUILTIN\Users:(I)(OI)(CI)(IO)(GR,GE)
CREATOR OWNER:(I)(OI)(CI)(IO)(F)
APPLICATION PACKAGE AUTHORITY\ALL APPLICATION PACKAGES:(I)(RX)
APPLICATION PACKAGE AUTHORITY\ALL APPLICATION PACKAGES:(I)(OI)(CI)(IO)(GR,GE)
APPLICATION PACKAGE AUTHORITY\ALL RESTRICTED APPLICATION PACKAGES:(I)(RX)
APPLICATION PACKAGE AUTHORITY\ALL RESTRICTED APPLICATION PACKAGES:(I)(OI)(CI)(IO)(GR,GE)
Successfully processed 1 files; Failed processing 0 files
C:\Program Files\Common Files\Avid\Audio>cd Plug-Ins
C:\Program Files\Common Files\Avid\Audio\Plug-Ins>whoami
darryl-w10\g # Thats a "guest" account "g" with no administrator privileges
C:\Program Files\Common Files\Avid\Audio\Plug-Ins>copy nul test
1 file(s) copied.