Simpson is a portfolio manager employed by a large global investment bank, managing an investment

fund restricted to environmental, social, and governance $($ESG$)$ friendly investments. Outside of work, he

participates in civil disobedience demonstrations organized by the Extinction Rebellion, a sociopolitical

movement that uses nonviolent resistance to protest against climate breakdown, biodiversity loss, and

ecological collapse. Simpson is arrested on charges of unlawful assembly, impeding public transit, and

disorderly conduct at several demonstrations held in the financial district of the city where he works.

He is ultimately convicted of several criminal offenses. Simpson has signed a standard employment

contract with the bank that allows them to terminate the contract of any employee who is convicted of

a criminal offence. Under the CFA Institute Code of Ethics and Standards of Professional Conduct $($Code

and Standards$),$ Simpson$$s actions

A$.$ violate the Code and Standards because he has violated his employment contract with the

bank.

B$.$ do not violate the Code and Standards because he is engaged in conduct promoting the

ultimate benefit of society.

C$.$ violate the Code and Standards because he is arrested for misconduct in the financial district.

D$.$ do not violate the Code and Standards because his conduct is consistent with the mandate of

the fund he manages.

E$.$ none of the above.