UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO SECTION 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For ~~September~~November 2822, 2010

Commission File Number: 001-33916

GEROVA FINANCIAL GROUP, LTD.

Cumberland House, 5th Floor

1 Victoria Street

Hamilton, HM 11

Bermuda

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F Qx Form 40-F £¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes ¨ No x

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-___.

Other Events

InOn November ~~July~~19, 2010, ~~Ms.~~the ~~Dakota~~holders ~~Breyer~~of ~~was engaged~~a asmajority of the ~~Director~~issued ofand ~~Finance~~outstanding ordinary shares of ~~GEROVA~~Gerova Financial Group, Ltd. (“~~GEROVA~~Gerova”)~~. As~~ ~~Director~~as of ~~Finance~~November ~~(a non-executive officer position)~~3, ~~Ms. Breyer will assist management with GEROVA’s reporting obligations~~ ~~with~~2010 ~~the~~executed ~~Securities~~ and ~~Exchange~~delivered ~~Commission~~a ~~(the~~written ~~“SEC”)~~consent to ~~and~~effect ~~compliance with~~ the ~~Sarbanes-Oxley~~ ~~Act of 2002, and will support management with investor relations~~following ~~and~~corporate ~~cash management efforts.~~actions:

Ms· ~~Breyer~~implement is a ~~Certified~~one-for-five ~~Public Accountant~~reverse ~~with~~share 15consolidation ~~years~~(the of“Share ~~progressive~~Consolidation”) ~~accounting~~of ~~experience. She~~Gerova’s ~~began her~~ordinary ~~career with Arthur Andersen in Minneapolis~~shares. ~~From~~ ~~there~~Under ~~she~~Bermuda ~~held positions at Northwestern Corporation~~law, the $7result ~~billion publicly-traded energy conglomerate. She assisted with SEC reporting and accounting obligations~~ of the ~~parent~~Share ~~company and~~Consolidation ~~also~~is ~~served~~that ~~as Senior Acquisition Analyst involved with~~ the ~~purchase~~(i) ofissued ~~18 telecommunications companies. She went on to spend a number of years in the US Virgin Islands, first as an Audit~~ and ~~Tax~~outstanding ~~Manager~~ordinary ~~with~~shares awill ~~regional~~be ~~accounting~~reduced ~~firm~~by ~~and then as~~ a ~~Contract Accountant~~quotient ~~working with corporations including IBM, SAIC, KPMG and the US Departments~~ of ~~Defense~~five; ~~and~~(ii) ~~Education. Recently,~~authorized ~~Ms.~~ordinary ~~Breyer~~shares ~~has served~~will asbe ~~Principal~~reduced ~~and~~from ~~Practice~~100 ~~Leader~~billion into ~~the~~20 ~~consulting~~billion ~~division~~shares; ~~of Solomon Edwards Group in Washington, D.C. There, she also served as an Interim Director of Finance – Mergers~~ and ~~Acquisitions~~(iii) ~~Integration~~par ~~and~~value anwill ~~SEC Reporting~~be ~~Research~~increased ~~Manager~~from ~~for an acquired company~~$. ~~She~~0001 ~~was~~to ~~most recently the Director of Financial Reporting and Corporate Controller for the Fontainebleau Resort in Miami Beach~~$. ~~Ms.~~0005 ~~Breyer~~per ~~earned~~share; ~~a Bachelors of Science in Business Administration from the University of South Dakota in 1995.~~and

implement a diminution of the authorized share capital of Gerova (the “Diminution of Share Capital”) from $10,000,000, consisting of 20 billion ordinary shares, par value $.0005 per share, to $1,000,000, consisting of 2 billion ordinary shares, par value $.0005 per share, through the cancellation of 18 billion authorized and unissued ordinary shares.

The effective date of the Share Consolidation and the Diminution of Share Capital is November 22, 2010. Attached to this Form 6-K as Exhibit 99.1 is the notice to shareholders that was mailed to Gerova’s shareholders of record on or about November 18, 2010.

Immediately on the effective date of the Share Consolidation, the Company’s (i) outstanding warrants to purchase 28,703,964 ordinary shares at an exercise price of $7.00 per share will be adjusted to warrants to purchase 5,740,793 ordinary shares at an exercise price of $35.00; and (ii) outstanding units consisting of 1 ordinary share and 2 warrants to purchase ordinary shares at an exercise price of $7.00 will be adjusted to units consisting of 0.2 ordinary shares and 2 warrants to purchase 0.4 ordinary shares at an exercise price of $35.00.

On November 22, 2010, Gerova issued a press release announcing the above corporate actions. A copy of the press release is annexed hereto as Exhibit 99.2 and incorporated herein by reference.

Where to Find Additional Information

Gerova is a foreign private issuer. As such, the dates on which it is required to file annual or periodic reports under the Securities Exchange Act of 1934, as amended, are not the same as are required for domestic issuers. In addition certain proxy statements and related materials sent to shareholders are not subject to review and comment by the Securities and Exchange Commission (the “SEC”). Copies of all documents filed by Gerova will be available at the website maintained by the SEC at www.sec.gov. Copies of such filings can also be obtained, without charge, by directing a request to Gerova at the address on the cover page of this report.

Exhibits

None.

Exhibit Number		Description

99.1		Notice to Shareholders of Gerova Financial Group, Ltd. dated November 18, 2010.

99.2		Press Release of Gerova Financial Group, Ltd. dated November 22, 2010.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 6-K to be signed on its behalf by the undersigned, hereunto duly authorized.

	GEROVA FINANCIAL GROUP, LTD.
September 28, 2010	By:
November 22, 2010
		/s/ Gary T. Hirst
	By:	/s/ Joseph J. Bianco
		Dr. Gary T. Hirst
		Joseph J. Bianco
		President
		Chief Executive Officer

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