FSA has fined and banned two partners in an investment firm for failing to ensure its advisers made suitable recommendations to customers when selling unregulated collective investment schemes (UCIS). FSA found neither partner was aware of the restrictions on selling UCIS and as a result the firm promoted them to ordinary retail customers. It found further failings within the firm also, in relation to failing to disclose a conflict and in a lack of understanding of the capital resources requirements. (Source: FSA/007/2011 and Final Notices)