Colin Thomas, CFA, is a portfolio manager for a fund that only invests in environmentally friendly companies. A multinational utility company recently acquired one of the fund's best performing investments, a wind power company. The wind power company's shareholders received utility company shares as part of the merger agreement. The utility has one of the worst environmental records in the industry, but its shares have been one of the top performers over the past 12 months. Because the utility pays a high dividend every three months, Thomas holds the utility shares until the remaining two dividends are paid for the year then sells the shares Thomas most likely violated the CFA Institute Standard of Professional Conduct concerning: independence and objectivity disclosure of conflicts suitability