The Motion Picture Assn. of America has slapped an NC-17 rating on Universal Pictures’ laffer “Bruno.”The ratings board objected to a number of sexual sequences in the Sacha Baron Cohen comedy, in which he plays a gay Austrian fashionista. Pic is set to unspool July 10. Studio is hoping to land an R rating for “Bruno.” It’s making the necessary edits before resubmitting the pic to the MPAA. The deleted sequences will likely be saved for the DVD release. Baron Cohen’s previous docu-comedy, “Borat: Cultural Learnings of America for Make Benefit Glorious Nation of Kazakhstan,” also received an NC-17 rating when first submitted to the MPAA but wound up with an R.