Alain is a SIREG investor and a member of the SIREG Investor Recovery Coalition. Press play above to watch Alain’s video testimonial, or read the transcript below.
Transcript
Hello my name is Alain St Louis I am an investor with the simple investor I have invested in a unit in North Bay Ontario as well as I have invested in rrsps in in within the company I chose the simple investor because I was listening to him on the radio Todd C Slater.
Everything sounded great he was on the radio so he must be legit I've been following Todd on Facebook as well.
And seem like a very knowledgeable and trustworthy person.
The payments stopped for me in the month of September I had to scramble to actually make my mortgage payment I am not a rich person I am not swimming in money.
And I need my rent in order not to default on my mortgage.
This is affected my family greatly as distress of not sleeping at night wondering what is going to happen next.
And it's not good for anyone or my health or anyone in my family as well.
What would I like to happen I would like to see Todd C Slater held accountable.
And imprisoned for what he has done to all of these investors who have put their faith and trust into this man.
This is my statement and testimonial. I hope this helps. Let's. Band together.
And get this problem solved.
What’s happening: the SIREG and Simple Investor situation in brief
If you arrived here looking for news about The Simple Investor, SIREG Management or Todd C. Slater, here is the short version.
- Who: The Simple Investor brand and SIREG Management Inc. were founded by Todd Slater (Todd C. Slater), a former talk-radio host. They sold condo units and joint-venture investments to individual Ontario investors, many on a “guaranteed rent”, hands-off model (The Globe and Mail).
- September 2026: SIREG Management reported “liquidity challenges” and investors stopped receiving their payments (CTV News, CBC News).
- The regulator: the Condominium Management Regulatory Authority of Ontario (CMRAO) took regulatory action against SIREG Management Inc., including immediate licence suspensions (CMRAO).
- Insolvency: several SIREG and Simple Investor companies have filed for insolvency, the process many people search for as the “Simple Investor bankruptcy” (The Globe and Mail, Insolvency Insider).
- People named: coalition members have been asked to share any first-hand documents about their dealings with SIREG Management representatives, including Todd Slater and Sheila Vos Slater, with the coalition’s legal team.
The SIREG Investor Recovery Coalition (the SIREG coalition) brings affected investors, condo owners and tenants together to share information and pursue recovery through the proper legal and regulatory processes. No allegation against any individual has been proven in court.
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