William is a member of the SIREG Investor Recovery Coalition who invested through The Simple Investor. This is William’s story, in their own words.
In William’s words
Hello, my name is William. I saved money through working. I have no pension, as I am self employed, and I needed to think about how to fund my retirement. I purchased a condo at Kipp's Lane in London 5 years ago.up to now I have been satisfied that my investment in this property is secure. Now I wonder how I am supposed to pay the mortgage on this property, let alone fund a retirement (I will be 68 next month). Also, 2 years ago, I forwarded $100,000 for a Joint Venture program in North Bay. It was supposed to pay off within a year, however I was told that there were bureaucratic hurdles to be overcome, and I trusted that these were being handled. I am now not confident that I will see that money again, even having talked to a person named George a number of times (last time in August), who stated that even though there were some outstanding issues, my investment was secure.
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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