Industry estimates peg initial compliance costs at over $50 billion.

It's a process that continued long after his firm developed its initial compliance policies and procedures.

But initial compliance costs are usually not considered irreparable harm, and competitive disadvantage claims are too speculative, the commission said.

The SEC staff has put a $3 billion to $4 billion price tag on initial compliance.

This led to record initial compliance of 90 per cent with a six-month output-cut deal reached in December by big producers to boost prices.

Initial compliance for cell phone ban good.