Arlene is a member of the SIREG Investor Recovery Coalition who invested through The Simple Investor. This is Arlene’s story, in their own words.
In Arlene’s words
We are modest people who worked tirelessly for over 25 years to own our home (still paying mortgage payments) and bought into the 'guarantee rental income' investment promised by SIREG. We wanted this for a little income after we (were supposed to) retired in 5 years and/or for 'generational wealth/income' for our two girls. Now, we are worried sick about how we will pay this mortgage with no rental income as well as the mortgage on our own home. I have suffered bouts of depression, anxiety and physical illness since receiving messages of mismanagement by SIREG. I wish we had never invested and trusted Todd C. Slater, his staff and board of directors.
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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