form8k.htm
UNITED
STATES
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):
April
21, 2008
___________
BROADPOINT
SECURITIES GROUP,
INC.
(Exact
name of registrant as specified in its charter)
___________
New
York
(State
or other jurisdiction of incorporation)
0-14140
(Commission
File Number)
22-2655804
(IRS
Employer Identification No.)
One
Penn Plaza
New
York, New York
(Address
of Principal Executive Offices)
10119
(Zip
Code)
(212) 273-7100
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
____________
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:
|
o
|
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
|
|
o
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
o
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
|
|
o
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
|
Item
1.01. Entry into a Material
Definitive Agreement.
Fully
Disclosed Clearing Agreement
On
April 21, 2008, Broadpoint
Securities, Inc., a wholly-owned broker-dealer subsidiary of the Registrant
(“Broadpoint Securities”), entered into a Fully Disclosed Clearing Agreement
(the “Pershing Clearing Agreement”) with Pershing LLC (“Pershing”) whereby
Pershing agreed to provide certain execution and clearing services, on a fully
disclosed basis, to Broadpoint Securities and its customers. Subject to
the approval of the Financial Industry Regulatory Authority, the term of the
Pershing Clearing Agreement commenced on April 21, 2008 and continues until
its
termination as provided for therein. The Pershing Clearing Agreement
may be terminated by either party, including, but not limited to, without cause
upon ninety days prior notice. The foregoing description of the
Pershing Clearing Agreement is not complete and is qualified in its entirety
by
reference to the Pershing Clearing Agreement, a copy of which is filed as
Exhibit 10.1 hereto and incorporated herein by reference.
Item
9.01. Financial Statements
and Exhibits.
(d) Exhibits
The
following exhibit is furnished as
part of this Current Report on Form 8-K:
|
|
10.1
– Fully Disclosed Clearing Agreement, by and between Broadpoint
Securities, Inc. and Pershing LLC, dated April 21,
2008.
|
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
|
BROADPOINT
SECURITIES GROUP, INC.
|
| |
|
By: /s/ROBERT
I. TURNER
|
|
Name: Robert
I. Turner
|
|
Title: Chief
Financial Officer
|
Dated:
April 25, 2008