Mr Berner added: "A constant theme is the deliberate and calculated concealment by Mr Ford of material information, both as to the fees being extracted by Mr Ford, and as to the serious issues that arose with respect to both the SLS and Lifemark Products, from Keydata's compliance officer, investors, IFAs and the authority.
"That concealment itself demonstrates a clear lack of integrity on the part of Mr Ford."
During its investigation, the FCA received assistance from the US Securities & Exchange Commission as well as Luxembourg's CSSF, the Guernsey Financial Services Commission, the Cayman Islands Monetary Authority and the Central Bank of Ireland.
Mark Steward, executive director of enforcement and market oversight at the FCA, said: "Keydata sold complex structured products backed by life settlements based on misleading brochures and without properly assessing whether the products could meet what was promised.
"The tribunal found that Mr Ford bears primary responsibility for this, deliberately setting aside his regulatory responsibilities driven by his desire to maximise and preserve financial gain for himself.
"Those who commit such misconduct have no place in the financial services industry."