From: C. Strauss [c.strauss@krw-online.de]
Sent: Wednesday, August 21, 2002 1:28 PM
To: rule-comments@sec.gov
Subject: Sarbanes-Oxley Act (s7-21-02)

If foreign companies and their CFO's, CEO's are subject to the new 
rules, they have to transform themselves into an acceptable 
organisation compared to the US board system !
Where, exempt some places in western europe and japan, are the 
financial markets attractive and secure enough to invest in ?
Only the U.S.!

So, if any company wants US investor's money, make them open 
their pockets, their books and make them work to the rules of the 
US markets!

For the longterm interests of everyone, no matter where he comes 
from, it is not neccessary to step back and make any exemptions. 
Particularly not for europeans, who have soft regulations and don't 
touch the CEO's at all.

Why do investors flock all places on earth want to invest or be 
listed in the US? Whatever they desire (a currency for transactions, 
american investors attention, image, better ratings,...), they don't 
go there because of the lax regulations. They go there because 
they trust in it ! And they are right, because it mostly pays of for 
both sides, investor and investee. But just as in closed 
communities, when crime happens, it must be enforced.

Mistakes can happen also, but at certain levels of wealth, there 
must be punishment that hurts. Otherwise it's only pocketmoney 
for Enron's or Worldcom's.


CS