UNITED STATES

~~SECURITES~~SECURITIES AND EXCHANGE COMMISSION

Washington D.C., 20549

Form 8-K

Current Report

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

Date Of Report (Date Of Earliest Event Reported): 1012/2203/2004

VIE FINANCIAL GROUP INC

(Exact Name of Registrant as Specified in its Charter)

Commission File Number: 001-11747

DE		226650372
(State or Other Jurisdiction Of		(I.R.S. Employer
(State or Other Jurisdiction of		(I.R.S. Employer
Incorporation or Organization)		Identification No.)

1114 Avenue of the Americas 22nd Floor

New York, NY 10036

(Address of Principal Executive Offices, Including Zip Code)

212-575-8200

(Registrant’s Telephone Number, Including Area Code)

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(17CFR240.14a-12)

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17CFR240.14d-2(b))

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17CFR240.13e-4(c))

Items to be Included in this Report

Item 8.01. Other Events

On ~~October~~December 223, 2004, Vie Financial Group, Inc. ("the "Company") ~~and~~filed ~~Ashton~~its ~~Technology~~certificate ~~Canada,~~of ~~Inc.~~dissolution ~~("Ashton~~with ~~Canada"),~~the aSecretary ~~majority-owned~~of ~~subsidiary~~State of the ~~Company~~State of Delaware, ~~reached~~pursuant ato ~~settlement~~the ~~agreement~~plan inof liquidation approved by the ~~arbitration~~Board ~~proceedings~~of ~~with~~Directors ~~the~~on ~~Toronto~~September ~~Stock~~20, ~~Exchange~~2004 and by stockholders on September 21, 2004 (the "~~TSX~~Plan of Liquidation"). The ~~Company~~certificate ~~and~~of ~~Ashton~~dissolution ~~Canada~~will ~~have~~be ~~agreed~~effective toat ~~settle~~ the ~~claim~~close ~~filed~~of ~~against~~business on December 6, 2004, at which time the ~~TSX~~Company's instock ~~exchange~~transfer ~~for~~books awill ~~mutual~~be ~~release~~closed and ~~proceeds~~the ofCompany's ~~$2.65~~common ~~million~~stock ~~(US~~will ~~Dollars)~~no ~~plus~~longer ~~legal~~trade ~~fees~~on ofthe ~~$230,000~~OTC ~~Canadian~~Bulletin ~~Dollars,~~Board. Following or the ~~equivalent~~filing of ~~approximately~~the ~~$185,000~~certificate USof ~~Dollars.Ashton~~dissolution, ~~Canada~~the ~~filed~~Company ~~the~~will ~~arbitration~~continue ~~claim~~to ~~against~~wind ~~TSX~~up onits ~~June~~business ~~11,~~in ~~2003~~accordance ~~for~~with ~~breach~~the Plan of ~~contract~~Liquidation.Also ~~under~~on ~~the~~December ~~June~~6, 72004, ~~2000~~the ~~integration~~Company ~~agreement~~will ~~between~~file ~~Ashton~~a ~~Canada~~Form 15 with the Securities and ~~TSX~~Exchange Commission ("SEC") to ~~introduce~~deregister its common stock under the ~~Company's~~Securities ~~eVWAP~~Exchange ~~trading~~Act ~~system~~of 1934. ~~The~~As ~~arbitration~~a ~~claim~~result, ~~stated~~the ~~that~~Company ~~Ashton~~will ~~Canada~~not ~~designed~~make any future public filings with the SEC.On or about December 7, ~~developed~~2004, ~~and~~the ~~was~~Company ~~prepared~~expects to ~~deploy~~make ~~eVWAP~~a asliquidating adistribution ~~facility~~to holders of ~~the~~record ~~primary~~of ~~Canadian~~issued ~~exchange~~and ~~when~~outstanding ~~TSX~~shares ~~circumvented~~of common stock and preferred stock of the ~~deployment~~Company as of ~~eVWAP~~the ~~without~~close ~~proper~~of ~~excuse. On~~business ~~August~~on 22December 6, ~~2003~~2004, ~~TSX~~including ~~filed~~an aaggregate ~~counterclaim~~amount ~~against~~of ~~Ashton~~$338,596 ~~Canada~~to ~~seeking~~holders ~~specific~~of ~~performance~~Series ofB ~~the~~convertible ~~integration~~preferred ~~agreement~~stock, orwhich inamount is equal to the ~~alternative~~liquidation preference plus all accrued and unpaid dividends on the Series B preferred, and a ~~declaration~~per ~~that~~share itamount ~~was~~of ~~entitled~~$0.37 to ~~terminate~~holders ~~the~~of ~~agreement~~common ~~without~~stock ~~penalty~~and Series G convertible preferred stock of the Company. The ~~arbitration~~Company ~~case~~will ~~began~~continue into ~~May~~assess ~~2004,~~the reserves necessary to settle its outstanding obligations and ~~was~~fund ~~divided~~future ~~into~~administrative ~~two~~expenses ~~phases: a~~in ~~liability~~connection ~~phase~~with ~~and~~carrying aout ~~damages~~the ~~phase.On~~Plan ~~September~~of 20Liquidation, ~~2004,~~and ~~the~~may ~~arbitrator~~make ~~issued~~future liquidating distributions to its ~~decision~~stockholders into the ~~liability~~extent ~~phase~~it ofdetermines ~~the~~there ~~arbitration~~are ~~proceedings,~~excess ~~ruling~~funds ~~that~~available ~~TSX~~to ~~breached~~make ~~the~~further ~~integration~~distributions. There ~~agreement;~~can be no assurance that ~~Ashton~~there ~~Canada~~will isbe ~~entitled~~sufficient funds available to ~~recover~~make any such ~~damages~~future asdistributions. itAs ~~may~~previously ~~have~~announced, ~~sustained~~the asBoard aof ~~result~~Directors of ~~TSX's~~the ~~breach~~Company ofapproved the ~~agreement;~~Plan ~~and~~of ~~that~~Liquidation ~~TSX's~~on ~~counterclaim~~September ~~must~~20, be2004, ~~dismissed. The~~in ~~arbitrator~~connection ~~ordered~~with ~~that~~the ~~TSX~~sale ~~shall~~of ~~pay~~substantially ~~forthwith~~all onof athe ~~partial~~assets ~~indemnity~~of ~~basis~~the ~~all~~Company ~~reasonable~~to ~~costs~~Piper ~~and~~Jaffray ~~expenses~~Companies. On September 21, ~~including~~2004, ~~legal~~the ~~fees~~Plan ~~and~~of ~~disbursements~~Liquidation ~~incurred~~was approved by ~~Ashton~~written ~~Canada~~consent inby ~~respect~~holders of a majority of the ~~liability~~outstanding ~~phase~~shares of common stock of the ~~arbitration~~Company ~~proceedings~~entitled to vote. The ~~arbitrator~~Plan ~~also~~of ~~ruled~~Liquidation ~~that~~became ifeffective ~~the~~on ~~parties~~November ~~were~~19, ~~unable~~2004, toupon ~~resolve~~ the ~~issue~~closing of ~~damages,~~ the ~~arbitration~~sale ~~would~~of besubstantially ~~reconvened~~all toof ~~assess~~the ~~damages. The~~assets ~~Company received payment~~ of the ~~proceeds~~Company onto ~~October~~Piper ~~22,~~Jaffray ~~2004~~Companies.

Signature(s)

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.

		VIE FINANCIAL GROUP INC
Date: October 25, 2004.	By:	/s/ Dean G. Stamos
Date: December 06, 2004.	By:	/s/ Jennifer L. Andrews
		Dean G. Stamos
		Jennifer L. Andrews
		Chief Executive Officer
		Executive Vice President, Finance

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