Final answer:
The DTCC is responsible for eliminating the physical delivery of securities through a book entry system to increase transaction volume. The SEC regulates Wall Street to restore confidence in the stock exchange, while the Glass-Steagall Act separation of banking and securities was designed to protect the financial system. The answer is option C.
Step-by-step explanation:
The entity whose goal it is to increase the volume of securities transactions by eliminating physical delivery with a book entry system is the Depository Trust & Clearing Corporation (DTCC). The DTCC provides clearing and settlement services for financial markets, helping to streamline the process and reduce the risks associated with physical securities transfers. Its book entry system allows for electronic recording of ownership and transfers of securities, greatly speeding up transactions and reducing the potential for errors and fraud.
The Securities and Exchange Commission (SEC) was established to regulate Wall Street and restore confidence in the stock exchange following the Great Depression. The SEC introduced regulations to prevent stock manipulation, insider trading, and restricted borrowing money on margin. The Glass-Steagall Act, which separated banking from the securities industry, was another measure to protect the financial system, although its repeal in the 1990s played a part in the 2008 Financial Crisis.