Bear Stearns Investment Grade Fixed Income Sales Team Joins Broadpoint

Business Wire, June 10, 2008

NEW YORK -- Broadpoint Capital, Inc., a broker-dealer subsidiary of Broadpoint Securities Group, Inc. (NASDAQ: BPSG), today announced that a team of six investment grade fixed income sales professionals, led by two Bear Stearns veterans, has joined the firm's Debt Capital Markets Division.

Richard Crescenzo and Douglas Scales will each have the role of Managing Director and Co-Head of Broadpoint's new Investment Grade Sales Department, reporting to Joseph Mannello, Executive Managing Director and Head of Broadpoint Capital's Debt Capital Markets Division.

Mr. Crescenzo has almost 30 years of experience as a fixed income sales professional, with a total of 14 years at Bear Stearns. Most recently, he served as a senior managing director in Bear's fixed income division. Prior to Bear, Mr. Crescenzo spent 5 years in the fixed income division of PaineWebber and 5 years in the fixed income division of Morgan Stanley.

With 25 years of experience in fixed income sales, Mr. Scales spent 8 years at Bear Stearns, and prior to that was in the fixed income divisions of each of PaineWebber and Kidder Peabody.

Joining Messrs. Crescenzo and Scales in Broadpoint's new Investment Grade Sales Department will be: Robert Arslanian, Renee Rainero, Michael Leit and Meredith Stabile.

Lee Fensterstock, Chairman and Chief Executive Officer of Broadpoint, said, "We are pleased and excited to welcome this group of experienced professionals to Broadpoint and to further expand our Debt Capital Markets efforts."

Mr. Mannello said, "Doug, Rick and their team are a great addition to our existing group. We look forward to the team's efforts and believe they will all be instrumental in building our platform."

About the Company

Broadpoint Securities Group, Inc. (NASDAQ: BPSG) is an independent investment bank that serves the growing institutional market and corporate middle market by providing clients with strategic, research-based investment opportunities, and financial advisory services, including merger and acquisition, restructuring, recapitalization and strategic alternative analysis services. The Company offers a diverse range of products through Broadpoint Capital, Inc.'s Equities division and its new Debt Capital Markets division, as well as Broadpoint Securities, Inc., its mortgage-backed security/asset-backed security trading subsidiary, and FA Technology Ventures Inc., its venture capital subsidiary.

Forward Looking Statements

This press release contains "forward-looking statements." These statements are not historical facts but instead represent the Company's belief regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company's control. The Company's forward-looking statements are subject to various risks and uncertainties, including the conditions of the securities markets, generally, and acceptance of the Company's services within those markets and other risks and factors identified from time to time in the Company's filings with the Securities and Exchange Commission. It is possible that the Company's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in its forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements. The Company does not undertake to update any of its forward-looking statements.