Bryan is a member of the SIREG Investor Recovery Coalition who invested through The Simple Investor. This is Bryan’s story, in their own words.
In Bryan’s words
My name is Bryan, and this situation has caused my wife and I significant distress. We invested our savings in Todd’s JV and condo concept, expecting the promised returns to help fund our retirement. We became increasingly concerned when the rent payment date changed, fees increased, our payments stopped, and George did not return our calls. Soon afterward, we learned the operation was shutting down. We must now find a way to cover the monthly mortgage, not sure if we have tenants and we do hope to recover at least part of our investment to reduce the financial strain.
We are not wealthy, and the outlook is so bleak that we may have to work far beyond our planned retirement—something we never imagined. We feel deeply frustrated and uncertain, and our hope for the future is fading. God, please help us all.
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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