-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 UxBVPbZMldWOceqUqFR7/hLEFTs2i5791R1MaF7QgUYIxXpbXBq5hFfgu/fK1j3i
 jihVZB0Udz0iy9TyTmxquQ==

<SEC-DOCUMENT>0001463164-10-000006.txt : 20100512
<SEC-HEADER>0001463164-10-000006.hdr.sgml : 20100512
<ACCEPTANCE-DATETIME>20100512151740
ACCESSION NUMBER:		0001463164-10-000006
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20100512
DATE AS OF CHANGE:		20100512
EFFECTIVENESS DATE:		20100512

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Asterisk Financial Group, Inc.
		CENTRAL INDEX KEY:			0001463164
		IRS NUMBER:				264121097
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1230

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-141650
		FILM NUMBER:		10824111

	BUSINESS ADDRESS:	
		STREET 1:		2101 EAST COAST HIGHWAY
		STREET 2:		SUITE 260A
		CITY:			CORONA DEL MAR
		STATE:			CA
		ZIP:			92625
		BUSINESS PHONE:		949-759-4700

	MAIL ADDRESS:	
		STREET 1:		2101 EAST COAST HIGHWAY
		STREET 2:		SUITE 260A
		CITY:			CORONA DEL MAR
		STATE:			CA
		ZIP:			92625

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Asterisk Financial Group, Inc. (fka U.S. Risk Partners Holdings, Inc.)
		DATE OF NAME CHANGE:	20100507

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	U.S. Risk Partners Holdings, Inc.
		DATE OF NAME CHANGE:	20090430
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001463164</cik>
        <entityName>Asterisk Financial Group, Inc.</entityName>
        <issuerAddress>
            <street1>2101 EAST COAST HIGHWAY</street1>
            <street2>SUITE 260A</street2>
            <city>CORONA DEL MAR</city>
            <stateOrCountry>CA</stateOrCountry>
            <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
            <zipCode>92625</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>949-759-4700</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <edgarPreviousNameList>
            <previousName>Asterisk Financial Group, Inc. (fka U.S. Risk Partners Holdings, Inc.)</previousName>
            <previousName>U.S. Risk Partners Holdings, Inc.</previousName>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2009</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Andreas</firstName>
                <middleName>P.</middleName>
                <lastName>Graham</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2101 East Coast Highway, Suite 260A</street1>
                <city>Corona Del Mar</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>92625</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mark</firstName>
                <middleName>L.</middleName>
                <lastName>Ricciardelli</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2101 East Coast Highway, Suite 260A</street1>
                <city>Corona Del Mar</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>92625</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Casper</firstName>
                <middleName>W.</middleName>
                <lastName>Zublin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2101 East Coast Highway, Suite 260A</street1>
                <city>Corona Del Mar</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>92625</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Insurance</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001463164-10-000005</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-04-23</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Ascher/Decision Services, Inc.</recipientName>
                <recipientCRDNumber>10034</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1210 Mill Lane</street1>
                    <city>San Marino</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>91108</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Jacqueline J. McClung</recipientName>
                <recipientCRDNumber>2331683</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1210 Mill Lane</street1>
                    <city>San Marino</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>91108</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Wayne J. Lourenco</recipientName>
                <recipientCRDNumber>1836083</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1210 Mill Lane</street1>
                    <city>San Marino</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>91108</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>CB Capital</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>860 Newport Center Drive</street1>
                    <city>Newport Beach</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92660</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>8000004</totalOfferingAmount>
            <totalAmountSold>2505010</totalAmountSold>
            <totalRemaining>5494994</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>23</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>560000</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>ESTIMATE FOR MAXIMUM TOTAL OFFERING AMOUNT</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Asterisk Financial Group, Inc.</issuerName>
                <signatureName>/s/ Andreas P. Graham</signatureName>
                <nameOfSigner>Andreas P. Graham</nameOfSigner>
                <signatureTitle>CFO</signatureTitle>
                <signatureDate>2010-05-12</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----