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Bill Fence, CFA, supervises a group of research analysts, none of whom have earned the CFA designation or are CFA candidates. On several occasions he has attempted to get his firm to adopt a compliance system to ensure that applicable laws and regulations are followed. However, the firm's principals have never adopted his recommendations. Fence should most appropriately: A. resign from the firm, because no other alternative will keep him in compliance with the Code and Standards. B. decline in writing to accept supervisory responsibility until reasonable compliance procedures are adopted. C. take no further action, because by encouraging his firm to adopt a compliance system he has fulfilled his obligations under the Code and Standards. |