efc8-0096_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):
January
16, 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.
On
January 11, 2008, each of our
broker-dealer subsidiaries, Broadpoint Capital, Inc. (“Broadpoint Capital”) and
Broadpoint Securities, Inc. (“Broadpoint Securities” and, together with
Broadpoint Capital, our “Subsidiaries”), entered into a Fully Disclosed Clearing
Agreement with Ridge Clearing & Outsourcing Solutions, Inc. (“Ridge”)
whereby Ridge agreed to provide certain execution and clearing services, on
a
fully disclosed basis, to our Subsidiaries and their customers. The initial
term
of Broadpoint Capital’s agreement commences upon approval of the Financial
Industry Regulatory Authority and continues for three (3) years from the date
that the services are first provided to Broadpoint Capital on a live basis.
The
initial term of Broadpoint Securities’ agreement commenced on January 11 and
continues through January 11, 2011.
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/ C.
Brian
Coad
C.
Brian Coad
Chief
Financial Officer
Dated:
January 16, 2008
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