United States
                       Securities and Exchange Commission
                             Washington, D.C. 20549

                                   FORM 8-K/A

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

                         Date of earliest event reported

                                 VFINANCE, INC.

             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

                                    DELAWARE
         (STATE OR OTHER JURISDICTION OF INCORPORATION OF ORGANIZATION)



         1-11454-03                                       58-1974423
   ------------------------                           ---------------
   (COMMISSION FILE NUMBER)                               (I.R.S. ID)


               3010 North Military Trail, Suite 300 Boca Raton, FL
                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

                                      33431
                                   (ZIP CODE)


               REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE
                                 (561) 981-1000

         Check the appropriate box below if the Form 8-K filing is intended to
         simultaneously satisfy the filing obligation of the registrant under
         any of the following provisions (see General Instruction A.2. below):

         [_] Written communications pursuant to Rule 425 under the Securities
         Act (17 CFR 230.425)

         [_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
         (17 CFR 240.14a-12)

         [_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
         Exchange Act (17 CFR 240.14d-2(b))

         [_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
         Exchange Act (17 CFR 240.13e-4(c))






         GENERAL EXPLANATION

The purpose of this report is to amend the  Registrant's  Current Report on Form
8-K  dated  May 11,  2006  that was  filed  with  the  Securities  and  Exchange
Commission  on May  16,  2006  (the  "Initial  Report")  which  reported  on its
acquisition of certain assets of Sterling  Financial  Investment Group, Inc. and
Sterling  Financial  Group of  Companies,  Inc.  This report  amends the Initial
Report so as to provide the  financial  information  required  pursuant to Items
9.01(b) of Form 8-K. All other items of the Inital  Report are unchanged and are
incorporated herein by reference.

         ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

         (a) Financial Statements of Business Acquired.

                     Not applicable

         (b) Pro Forma Financial Information.




                                       -2-



         UNAUDITED PRO FORMA COMBINED FINANCIAL STATEMENTS

     In accordance  with Item  9.01(b)(1)  of Form 8-K, the pro forma  financial
information required by Item 9.01(b) of Form 8-K is set forth below.

     The unaudited pro forma consolidated  financial  information of the Company
is based on and  should be read in  conjunction  with the  audited  consolidated
financial  statements and notes thereto appearing in the Company's Annual Report
on Form 10-K for the year ended  December 31, 2005. The  accompanying  unaudited
pro forma  condensed  consolidated  statements of operations  for the six months
ended June 30,  2006 and 2005 and the for the year ended  December  31, 2005 are
presented  as if the asset  acquisition  discussed  in Item 2.01 hereof had been
completed as of January 1, 2005.

     In  the  opinion  of  management,  the  accompanying  unaudited  pro  forma
condensed  consolidated  financial  statements include all material  adjustments
necessary to reflect,  on a pro forma basis,  the impact of such disposition and
acquisition  on  the  historical  financial  information  of  the  Company.  The
adjustments  are  described in the notes to the  unaudited  pro forma  condensed
consolidated  financial  information  and  are  set  forth  in  the  "Pro  Forma
Adjustments" column.

     The unaudited pro forma condensed  consolidated  financial  information has
been  presented for  informational  purposes  only and is not  indicative of any
future  results of  operations  or the results  that might have  occurred if the
acquisition had actually been completed on the indicated dates.





                                       -3-




                                                                    VFINANCE, INC
                                                     Unaudited Pro Forma Statement of Operations
                                                         For the year ended December 31, 2005


                                                      vFinance           Sterling        Pro Forma Adjustments Pro Forma
                                                 ------------------  ----------------   ------------------------------------
Revenues:
                                                                                                   
   Commissions - agency                               $ 15,941,221       $ 3,472,565                $ -        $ 19,413,786
   Trading profits                                       4,177,402         6,272,274                  -          10,449,676
   Success fees                                          2,006,016                 -                  -           2,006,016
   Other brokerage related income                        2,837,589           209,709                  -           3,047,298
   Consulting fees                                         523,644                 -                  -             523,644
   Other                                                   503,010                 -                  -             503,010
                                                 ------------------  ----------------   ----------------  ------------------
Total revenues                                          25,988,882         9,954,548                  -          35,943,430
                                                 ------------------  ----------------   ----------------  ------------------

Operating expenses:
   Compensation, commissions and benefits               20,293,940         7,537,989                  -          27,831,929
   Clearing and transaction costs                        3,017,243           803,515                  -           3,820,758
   General and administrative costs                      2,752,786         1,163,853                  -           3,916,639
   Occupancy and equipment costs                           743,295             1,638                  -             744,933
   Depreciation and amortization                           299,604                 -            681,200             980,804
   Stock based compensation                                 19,412                 -                  -              19,412
                                                 ------------------  ----------------   ----------------  ------------------
Total operating expenses                                27,126,280         9,506,995            681,200          37,314,475
                                                 ------------------  ----------------   ----------------  ------------------

Income (loss) from operations                           (1,137,398)          447,553           (681,200)         (1,371,045)

Income tax benefit (provision)                                                                                            -
Net income (loss)                                      $(1,137,398)        $ 447,553         $ (681,200)        $(1,371,045)
                                                 ==================  ================   ================  ==================

Net income (loss) per share: basic and diluted             $ (0.03)                             $ (0.05)            $ (0.03)
                                                 ==================                     ================  ==================

Weighted average shares outstanding:
   basic and diluted                                    40,049,654                           13,000,000          53,049,654
                                                 ==================                     ================  ==================


The pro forma adjustment represents amortization expense related to the acquired customer relationship intangible asset,
which has been assigned a useful life of five years.


                                                                  -4-






                                                                    VFINANCE, INC
                                                     Unaudited Pro Forma Statement of Operations
                                                        For the six months ended June 30, 2006


                                                     vFinance         Sterling       Pro Forma Adjustments Pro Forma
                                                 ----------------  ---------------  ----------------------------------
Revenues:
                                                                                               
   Commissions - agency                                9,524,835        1,259,971                 -        10,784,806
   Trading profits                                     4,004,032        2,295,419                 -         6,299,451
   Success fees                                        2,850,548                -                 -         2,850,548
   Other brokerage related income                      1,546,037          203,977                 -         1,750,014
   Consulting fees                                       303,026                -                 -           303,026
   Other                                                 352,836                -                 -           352,836
                                                 ----------------  ---------------  ----------------   ---------------
Total revenues                                        18,581,314        3,759,367                 -        22,340,681
                                                 ----------------  ---------------  ----------------   ---------------

Operating expenses:
   Compensation, commissions and benefits             14,208,788        3,194,837                 -        17,403,625
   Clearing and transaction costs                      2,007,589          300,078                 -         2,307,667
   General and administrative costs                    1,344,319          189,511                 -         1,533,830
   Occupancy and equipment costs                         554,957           26,991                 -           581,948
   Depreciation and amortization                         407,055                -           340,600           747,655
   Stock based compensation                              236,029                -                 -           236,029
                                                 ----------------  ---------------  ----------------   ---------------
Total operating expenses                              18,758,737        3,711,417           340,600        22,810,754
                                                 ----------------  ---------------  ----------------   ---------------

Income (loss) from operations                           (177,423)          47,950          (340,600)         (470,073)

Income tax benefit (provision)                                 -                -                 -                 -
Net income (loss)                                      $(177,423)        $ 47,950        $ (340,600)        $(470,073)
                                                 ================  ===============  ================   ===============

Net income (loss) per share: basic and diluted           $ (0.00)                           $ (0.03)          $ (0.01)
                                                 ================                   ================   ===============

Weighted average shares outstanding:
   basic and diluted                                  43,717,293                         13,000,000        56,717,293
                                                 ================                   ================   ===============


The pro forma adjustment represents amortization expense related to the acquired customer relationship intangible asset, which
has been assigned a useful life of five years.




                                                                  -5-






                                                                    VFINANCE, INC
                                                     Unaudited Pro Forma Statement of Operations
                                                        For the six months ended June 30, 2005

                                                     vFinance           Sterling       Pro Forma Adjustment  Pro Forma
                                                 -----------------   --------------   --------------------- -------------
Revenues:
                                                                                                  
   Commissions - agency                                 7,401,588        1,808,258                  -         9,209,846
   Trading profits                                      2,423,861        3,842,826                  -         6,266,687
   Success fees                                         1,005,401                -                  -         1,005,401
   Other brokerage related income                       1,397,770           12,208                  -         1,409,978
   Consulting fees                                        387,144                -                  -           387,144
   Other                                                  237,985                -                  -           237,985
                                                 -----------------   --------------   ----------------  ----------------
Total revenues                                         12,853,749        5,663,292                  -        18,517,041
                                                 -----------------   --------------   ----------------  ----------------

Operating expenses:
   Compensation, commissions and benefits               9,946,936        4,124,517                  -        14,071,453
   Clearing and transaction costs                       1,523,343          381,878                  -         1,905,221
   General and administrative costs                     1,109,647          689,620                  -         1,799,267
   Occupancy and equipment costs                          360,366            1,383                  -           361,749
   Depreciation and amortization                          134,799                -            340,600           475,399
   Stock based compensation                                 2,647                -                  -             2,647
                                                 -----------------   --------------   ----------------  ----------------
Total operating expenses                               13,077,738        5,197,398            340,600        18,615,736
                                                 -----------------   --------------   ----------------  ----------------

Income (loss) from operations                            (223,989)         465,894           (340,600)          (98,695)

Income tax benefit (provision)                                  -                -                  -                 -
Net income (loss)                                      $ (223,989)        $465,894         $ (340,600)        $ (98,695)
                                                 =================   ==============   ================  ================

Net income (loss) per share: basic and diluted            $ (0.01)                            $ (0.03)          $ (0.00)
                                                 =================                    ================  ================

Weighted average shares outstanding:
   basic and diluted                                   39,815,966                          13,000,000        52,815,966
                                                 =================                    ================  ================

The pro forma adjustment represents amortization expense related to the acquired customer relationship intangible asset,
which has been assigned a useful life of five years.








                                                                  -6-





                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


         Dated: December 29, 2006




                                      vFinance, Inc.



                                       By: /s/ Alan Levin
                                           ---------------------------
                                       Name:   Alan Levin
                                       Title:  Interim Chief Financial Officer







                                  End of Filing


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