-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001209191-10-015028.txt : 20100305
<SEC-HEADER>0001209191-10-015028.hdr.sgml : 20100305
<ACCEPTANCE-DATETIME>20100305163645
ACCESSION NUMBER:		0001209191-10-015028
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100303
FILED AS OF DATE:		20100305
DATE AS OF CHANGE:		20100305

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Lee Mark A
		CENTRAL INDEX KEY:			0001424985

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24057
		FILM NUMBER:		10661173

	MAIL ADDRESS:	
		STREET 1:		100 MORGAN KEEGAN DRIVE
		STREET 2:		SUITE 430
		CITY:			LITTLE ROCK
		STATE:			AR
		ZIP:			72202

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Terra Nova Financial Group Inc
		CENTRAL INDEX KEY:			0000884892
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				752375969
		STATE OF INCORPORATION:			IL
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		100 S WACKER DR
		STREET 2:		STE 1550
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		3128273600

	MAIL ADDRESS:	
		STREET 1:		100 S WACKER DR
		STREET 2:		STE 1550
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RUSH FINANCIAL TECHNOLOGIES INC
		DATE OF NAME CHANGE:	20040301

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RUSHMORE FINANCIAL GROUP INC
		DATE OF NAME CHANGE:	19971211

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RUSHMORE CAPITAL CORP
		DATE OF NAME CHANGE:	19971209

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Forest Hill Capital, LLC
		CENTRAL INDEX KEY:			0001316550
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24057
		FILM NUMBER:		10661174

	BUSINESS ADDRESS:	
		STREET 1:		100 MORGAN KEEGAN DRIVE, SUITE 430
		CITY:			LITTLE ROCK
		STATE:			AR
		ZIP:			72202
		BUSINESS PHONE:		501-666-4491

	MAIL ADDRESS:	
		STREET 1:		100 MORGAN KEEGAN DRIVE, SUITE 430
		CITY:			LITTLE ROCK
		STATE:			AR
		ZIP:			72202
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>c97283_4x0.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2010-03-03</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0000884892</issuerCik>
        <issuerName>Terra Nova Financial Group Inc</issuerName>
        <issuerTradingSymbol>TNFG</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001316550</rptOwnerCik>
            <rptOwnerName>Forest Hill Capital, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>100 MORGAN KEEGAN DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 430</rptOwnerStreet2>
            <rptOwnerCity>LITTLE ROCK</rptOwnerCity>
            <rptOwnerState>AR</rptOwnerState>
            <rptOwnerZipCode>72202</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001424985</rptOwnerCik>
            <rptOwnerName>Lee Mark A</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>100 MORGAN KEEGAN DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 430</rptOwnerStreet2>
            <rptOwnerCity>LITTLE ROCK</rptOwnerCity>
            <rptOwnerState>AR</rptOwnerState>
            <rptOwnerZipCode>72202</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock - $0.01 par value</value>
            </securityTitle>
            <transactionDate>
                <value>2010-03-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1000657</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.70</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1959536</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">The filing of this Form 4 shall not be construed as an admission that Forest Hill Capital, LLC (&quot;Forest Hill&quot;) or Mark A. Lee, the manager of Forest Hill, is or was, for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of any of the shares of common stock of Terra Nova Financial Group, Inc. (the &quot;Common Stock&quot;) purchased for the accounts of Forest Hill Select Fund, L.P. and Forest Hill Select Offshore, Ltd.  Pursuant to Rule 16a-1, both Forest Hill and Mark A. Lee disclaim such beneficial ownership.</footnote>
        <footnote id="F2">Forest Hill holds indirectly the shares of Common Stock of Terra Nova Financial Group, Inc. through the accounts of Forest Hill Select Fund, L.P. and Forest Hill Select Offshore, Ltd., of which Forest Hill is the general partner and the investment manager, respectively.  As the general partner of Forest Hill Select Fund, L.P., Forest Hill receives an asset-based fee and a capital allocation from, and owns a partnership interest in, Forest Hill Select Fund, L.P.  Forest Hill also receives a performance-based and asset-based fee as the investment manager to Forest Hill Select Offshore, Ltd.  Mark A. Lee reports the shares held indirectly by Forest Hill because, as the manager of Forest Hill at the time of purchase, he controlled the disposition and voting of the securities.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/Mark A. Lee, Manager of Forest Hill Capital, LLC</signatureName>
        <signatureDate>2010-03-05</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/Mark A. Lee</signatureName>
        <signatureDate>2010-03-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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