Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Mast Credit Opportunities I Master Fund LTD
 2. Date of Event Requiring Statement (Month/Day/Year)
03/04/2008		 3. Issuer Name and Ticker or Trading Symbol
BROADPOINT SECURITIES GROUP, INC. [BPSG]
(Last)
(First)
(Middle)
C/O MAST CAPITAL MANAGEMENT LLC, 535 BOYLSTON STREET, SUITE 401		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

BOSTON, MA 02116		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, $0.01 par value per share 7,058,824
D (1)
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Mast Credit Opportunities I Master Fund LTD
C/O MAST CAPITAL MANAGEMENT LLC
535 BOYLSTON STREET, SUITE 401
BOSTON, MA 02116		     X    
Madison Christopher B
C/O MAST CAPITAL MANAGEMENT LLC
535 BOYLSTON STREET, SUITE 401
BOSTON, MA 02116		     X    
Mast Capital Management LLC
535 BOYLSTON STREET, SUITE 401
BOSTON, MA 02116		     X    
Steinberg David J.
C/O MAST CAPITAL MANAGEMENT LLC
535 BOYLSTON STREET, SUITE 401
BOSTON, MA 02116		     X    

Signatures

/s/ Mast Credit Opportunities I Master Fund Limited by Christopher B. Madison 03/06/2008
**Signature of Reporting Person Date
/s/ Christopher B. Madison 03/06/2008
**Signature of Reporting Person Date
/s/ Mast Capital Management LLC by Christopher B. Madison 03/06/2008
**Signature of Reporting Person Date
/s/ David J. Steinberg 03/06/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Mast Credit Opportunities I Master Fund Limited (the "Fund") is the direct owner of 7,058,824 shares of Common Stock of the Issuer. Mast Capital Management LLC is the investment adviser to the Fund, and Christopher B. Madison and David J. Steinberg are the managers of Mast Capital Management LLC. Each of the Reporting Persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein, if any.

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