Define "compensation" in the context of agents and broker-dealers.

In the context of agents and broker-dealers, "compensation" refers to any payment received for the sale or purchase of securities. This definition encompasses a wide range of potential forms of compensation, including commissions, bonuses, and any other type of monetary gain that is directly tied to the transaction of securities. This broad definition is crucial in ensuring that all forms of income derived from securities transactions are accounted for and compliant with regulations.

Understanding this definition is key for agents and broker-dealers, as it highlights the importance of transparency and the need to disclose compensation structures to clients. This disclosure helps maintain trust and compliance with regulatory standards designed to protect investors. Other choices, like salaries or fees for advisory services, are specific types of compensation but do not capture the full scope of what compensation can entail in the securities industry. Therefore, option B is the most comprehensive and accurate definition in this context.