"The Guidance addresses certain concerns raised by mutual funds in light of the broker-dealer industry's response to the [DOL's] new fiduciary rule. Specifically, mutual funds have indicated to the SEC that broker-dealers have been seeking to standardize the sales commissions that they receive from mutual fund families.... [IM Guidance Update No. 2016-06] addresses (i) how to properly disclose sales load variations, and (ii) how to efficiently navigate the SEC registration statement filing and staff review process for both sales load variations and new share classes."  MORE >>