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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000905148-08-001188.txt : 20080228
<SEC-HEADER>0000905148-08-001188.hdr.sgml : 20080228
<ACCEPTANCE-DATETIME>20080228161923
ACCESSION NUMBER:		0000905148-08-001188
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080221
FILED AS OF DATE:		20080228
DATE AS OF CHANGE:		20080228

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BROADPOINT SECURITIES GROUP, INC.
		CENTRAL INDEX KEY:			0000782842
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				222655804
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		ONE PENN PLAZA
		STREET 2:		42ND FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10119
		BUSINESS PHONE:		518-447-8613

	MAIL ADDRESS:	
		STREET 1:		ONE PENN PLAZA
		STREET 2:		42ND FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10119

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BROADPOINT SECURITIES GROUP INC.
		DATE OF NAME CHANGE:	20071228

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST ALBANY COMPANIES INC
		DATE OF NAME CHANGE:	19920703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PATTERSON MARK R
		CENTRAL INDEX KEY:			0001251957

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14140
		FILM NUMBER:		08650880

	BUSINESS ADDRESS:	
		STREET 1:		520 MADISON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2126519500
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>efc8-0397_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-02-21</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000782842</issuerCik>
        <issuerName>BROADPOINT SECURITIES GROUP, INC.</issuerName>
        <issuerTradingSymbol>BPSG</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001251957</rptOwnerCik>
            <rptOwnerName>PATTERSON MARK R</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O MATLINPATTERSON GLOBAL ADVISORS LLC,</rptOwnerStreet1>
            <rptOwnerStreet2>520 MADISON AVE.</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.01 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2008-02-21</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>3589878</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>41499261</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">On February 21, 2008, MatlinPatterson FA Acquisition LLC entered into an agreement (the &quot;Adjustment Agreement&quot;) with the
 Issuer with respect to the Final Net Tangible Book Value Per Share (as such term is defined in the Investment Agreement
 dated as of May 14, 2007, between MatlinPatterson FA Acquisition LLC and the Issuer (the &quot;Investment Agreement&quot;)) adjustment
 to the number of purchased shares provided for in the Investment Agreement. Pursuant to the terms of the Investment
 Agreement, as previously disclosed, the Issuer was required to issue additional shares of Common Stock to MatlinPatterson FA
 Acquisition LLC in the event that the Issuer's Final Net Tangible Book Value Per Share (as such term is defined in the
 Investment Agreement) at the closing was less than $1.60.</footnote>
        <footnote id="F2">The parties negotiated and agreed that, as of the closing, the Final Net Tangible Book Value Per Share was $1.25.  The
 Adjustment Agreement required the Issuer to issue 3,589,878 additional shares of Common Stock to MatlinPatterson FA
 Acquisition LLC, in compliance with the terms of the Investment Agreement based on the negotiated and agreed upon final
 calculation of the Issuer's Final Net Tangible Book Value Per Share.</footnote>
        <footnote id="F3">MatlinPatterson FA Acquisition LLC is the direct owner of 41,499,261 shares of Common Stock of the Issuer.  MatlinPatterson
 Global Opportunities Partners II L.P. and MatlinPatterson Global Opportunities Partners (Cayman) II L.P. (together, the
 &quot;Funds&quot;) hold 100 percent of the membership interests in MatlinPatterson FA Acquisition LLC.  MatlinPatterson Global
 Partners II LLC (the &quot;General Partner&quot;) is the general partner of the Funds.  MatlinPatterson Global Advisers LLC (the
 &quot;Adviser&quot;) is the investment adviser to the Funds.  MatlinPatterson Asset Management LLC holds 100 percent of the voting
 interest and equity of the Adviser and of the General Partner.  MatlinPatterson LLC holds 100 percent of the equity of
 MatlinPatterson Asset Management LLC.</footnote>
        <footnote id="F4">Other than MatlinPatterson FA Acquisition LLC, each of the foregoing reporting persons disclaims beneficial ownership of the
 shares held by MatlinPatterson FA Acquisition LLC, except to the extent such reporting person holds an indirect pecuniary
 interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership
 of all of the reported shares for purposes of Section 16 or for any other purpose.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ MARK R. PATTERSON</signatureName>
        <signatureDate>2008-02-28</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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