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 *   Gleacher Eric 2. Date of Event Requiring Statement (Month/Day/Year) 06/05/2009 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 __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) 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 14,542,035 (1) D Â

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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
Gleacher Eric BROADPOINT GLEACHER SECURITIES GROUP INC 12 EAST 49TH STREET, 31ST FLOOR NEW YORK, NY 10017	Â	  X	Â	Â

Signatures

/s/ Eric Gleacher		06/09/2009
**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 reporting person acquired 14,542,035 shares of common stock of the Issuer in exchange for such reporting person's stock in Gleacher Partners Inc. ("Gleacher"), pursuant to an Agreement and Plan of Merger dated March 2, 2009 (as amended, the "Agreement"). Pursuant to the Agreement, the selling stockholders received in consideration for the transactions contemplated thereby a total of 23,000,000 shares of common stock of the Issuer, subject to appraisal rights and on the terms and conditions of the Agreement, and $20 million in cash ($10 million of which was paid at closing). The shares of common stock issued in the transaction and reported in this Form 3 are subject to a five year lock-up (which may be accelerated in certain circumstances pursuant to the Agreement), and 1,104,845 of the shares reported herein are being held in escrow and are subject to forfeiture during the 18-month period following the closing to satisfy indemnification obligations under the Agreement.

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