GERMAN COMPANIES TO OBEY SEC RULES.(BUSINESS)

Byline: Associated Press

BERLIN -- German firms will submit to U.S. regulators' new rules on certifying their financial results, despite the concerns about ``serious legal conflicts,'' Germany's main industry umbrella group said Wednesday.

However, the Federation of German Industry said it hopes the U.S. Securities and Exchange Commission will show ``greater consideration for the different traditions and legal systems'' of other countries in drawing up further rules.

The group's statement was issued a day after the SEC rejected a request for exemptions from the new regulations, designed to prevent any repeat of the accounting scandals that have …