Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN 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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1. Name and Address of Reporting Person *
Mast Credit Opportunities I Master Fund LTD
 2. Issuer Name and Ticker or Trading Symbol
BROADPOINT SECURITIES GROUP, INC. [BPSG] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)

C/O MAST CAPITAL MANAGEMENT, LLC, 200 CLARENDON STREET, 51ST FLOOR		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2008
(Street)


BOSTON, MA 02116		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock, $0.01 par value per share 07/01/2008   P4 20,100 A $ 2.12 7,078,924 D (1)  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) 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
200 CLARENDON STREET, 51ST FLOOR
BOSTON, MA 02116		     X    
Mast Capital Management LLC
200 CLARENDON STREET,
51ST FLOOR
BOSTON, MA 02116		     X    
Madison Christopher B
C/O MAST CAPITAL MANAGEMENT, LLC
200 CLARENDON STREET, 51ST FLOOR
BOSTON, MA 02116		     X    
Steinberg David J.
C/O MAST CAPITAL MANAGEMENT, LLC
200 CLARENDON STREET, 51ST FLOOR
BOSTON, MA 02116		     X    

Signatures

/s/ Christopher B. Madison, Manager of Mast Capital Management, LLC 02/15/2009
**Signature of Reporting Person Date
/s/ Christopher B. Madison 02/15/2009
**Signature of Reporting Person Date
/s/ David J. Steinberg 02/15/2009
**Signature of Reporting Person Date
/s/ Christopher B. Madison, Director of Mast Credit Opportunities I Master Fund Limited 02/15/2009
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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 7,078,924 shares of Common Stock of the Issuer. In addition, the Fund is the direct holder of one warrant to purchase 1,000,000 shares of Common Stock of the Issuer and 1,000,000 shares of the Issuer's Series B Mandatory Redeemable Preferred Stock, $0.01 par value. 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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