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Jack Schleifer, FRM, is an analyst for Brown Investment Managers (BIM). Schleifer has recently accepted an invitation to visit the facilities of ChemCo, a producer of chemical compounds used in a variety of industries. ChemCo offers to pay for Schleifer's accommodations in a penthouse suite at a luxury hotel and allow Schleifer to use the firm's private jet to travel to its three facilities located in New York, Hong Kong, and London. In addition, ChemCo offers two tickets to a formal high-society dinner in New York. Schleifer declines to use ChemCo's corporate jet or to allow the firm to pay for his accommodations but accepts the tickets to the dinner (which he discloses to his employer) since he will be able to market his firm's mutual funds to other guests at the dinner. Has Schleifer violated the CAMP Code of Conduct?
A
Yes.
B
No, since he is using the gifts accepted to benefit his employer's interests.
C
No, since the gifts he accepted were fully disclosed in writing to his employer.
D
No, since the gift he accepted is of nominal value and he declined to accept the hotel accommodations and the use of ChemCo's jet.