WASHINGTON -- Critics of the Department of Labor's controversial fiduciary proposal are working overtime to stoke industry opposition to the initiative in the hopes of narrowing the scope of the regulation or, better still, defeating it altogether.

A panel of prominent figures in that debate -- all opponents of the proposal -- gathered here at the Insured Retirement Institute to outline their critique of the Labor Department's plan to impose fiduciary responsibilities on advisors working with retirement plans or individual plan holders.

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