A sitting Financial Services and Credit Panel has cancelled NSW adviser Evan Byrnes’s registration for two and a half years, ASIC announced on 23 October 2026. The decision took effect that day and prevents registration as a relevant provider until after 23 April 2029.[1]
The panel’s published decision
| Item | Scope |
|---|---|
| Effective date | 23 October 2026 |
| Restriction | Registration cancelled; no re-registration until after 23 April 2029 |
| Advice population | Personal financial advice to retail clients on relevant financial products |
| Standards considered | Code of Ethics values and Standards 1, 2, 4, 7, 8 and 12 |
| Conduct described | Inadequate reviews and recordkeeping, some fees for services not provided, and poor responses to licensee audits |
The panel reasonably believed Byrnes had contravened the obligation to comply with the Code of Ethics. ASIC’s notice identifies concerns over trustworthiness, competence, honesty and diligence, linking them to the adviser’s ongoing service and oversight obligations.[1]
This is a registration decision about the ability to provide the specified retail advice. It should not be recast as a criminal conviction or a finding about every service offered by a firm with which the adviser was associated.[1]
Sources & further reading
- FSCP cancels registration of NSW financial adviser Evan Byrnes for two and a half years (26-256 MR) Australian Securities and Investments Commission · 23 Oct 2026 · Accessed 26 Oct 2026