By James Lundy and Mary Hansen (March 5, 2018, 12:55 PM EST) -- On Feb. 12, 2018, the U.S. Securities and Exchange Commission announced the "Share Class Selection Disclosure Initiative," led by the asset management unit of the enforcement division. To encourage self-reporting and participation in the SCSD Initiative, the enforcement division advises in the release that it "will agree not to recommend financial penalties against investment advisers who self-report violations of the federal securities laws relating to certain mutual fund share class selection issues and promptly return money to harmed clients." The enforcement division also warns that it "expects to recommend stronger sanctions in any future actions against investment advisers that engaged in the misconduct but failed to take advantage of this initiative."...