Dealer selling B stock doesn't tell customers


Does the dealer have a responsibility to tell the customers or do we go back to "Caveat emptor" (Let the buyer be ware)
taters
I know of a dealer that got in trouble for that and the company took the line away from them. That was several years ago and they never recovered from that. I think they are on their last leg.

Suffice it to say that ANY stock is fine IF you're made aware of what sort of stock you're buying in advance.  Anything else is simply deceitful,  period.