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 *   Kugler Jeffrey 2. Date of Event Requiring Statement (Month/Day/Year) 03/31/2010 3. Issuer Name and Ticker or Trading Symbol BROADPOINT GLEACHER SECURITIES GROUP, INC. [BPSG] (Last) (First) (Middle) BROADPOINT GLEACHER SECURITIES GROUP INC, 12 EAST 49TH STREET, 31ST FLOOR 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Financial Officer 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) NEW YORK, NY 10017 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ 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 82,426 (1) D Â

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
Kugler Jeffrey BROADPOINT GLEACHER SECURITIES GROUP INC 12 EAST 49TH STREET, 31ST FLOOR NEW YORK, NY 10017	Â	Â	  Chief Financial Officer	Â

Signatures

/s/ Jeffrey Kugler		04/09/2010
**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)	The shares reported in this Form 3 consist of equity awards granted to the reporting person pursuant to the issuer's 2007 Incentive Compensation Plan as follows: 50,000 restricted stock units ("RSUs") representing shares of common stock of the issuer granted on April 28, 2008 subject to vesting over a three year period (33,334 of such RSUs remain subject to vesting in equal annual installments on April 28, 2010 and April 28, 2011, respectively); 20, 661 RSUs granted on February 13, 2009, subject to vesting over a three year period (13,775 of such RSUs remain subject to vesting in equal annual installments on February 13, 2011 and February 13, 2012, respectively); and 11,765 restricted shares granted on February 11, 2010 which vest in equal annual installments of approximately 33% commencing on February 11, 2011 through February 11, 2013.

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