Are registered firms required to have a physical address?

• A. No; a physical address is not required.
• B. Yes; a P.O. box is acceptable.
• C. Yes; the firm must have a physical street address (not a P.O. box).
• D. Yes; a P.O. box is acceptable if accompanied by a street address.

Answer: (C)

The main idea tested is where a registered firm must be located for regulatory purposes. Rules require a physical street address for the firm’s registration so regulators can verify the business exists, locate it for inspections, and reliably deliver notices or correspondence. A P.O. box alone does not provide a real, physical location, which is why it isn’t acceptable as the official registered address. The street address serves as the actual place of business, while mailing can sometimes go to a separate box if allowed by policy—but the registration itself must list a physical address. That’s why the correct answer states the firm must have a physical street address (not a P.O. box).