We're mixing quite a few issues together here...but
I believe that the focus on vendors labeling fish "wild" and "F1" is both in reaction to the desires of hobbyists (a small % of people who buy aquarium fish) wanting "pure" fish and the opportunity to sell these fish at a premium.
The problem is that simply labeling fish "wild" or "F1" shouldn't be good enough in the eyes of prospective purchasers. I don't believe that fish are wild or F1 if there isn't clear provenance to the wild. Collection locations should make sense, both in name and legality. If a fish is really difficult to capture in the wild (raging rapids, extremely rural location...the stuff that TFH articles are made of), then there should be some explanation. In other words, if someone is selling wild fish (or alleged descendents of wild fish), the more tansparency the better...
There are lots of good reasons to keep wild fish (and even more to keep tank raised ones with provenance to wild fish). Some fish just aren't available in the hobby as tank raised fish. I do my best to breed and distribute wild fish that I own or collect (And make sure that they're properly labeled...). And I won't buy fish that come from places that are protected or I believe have been smuggled. The inability of a 3rd world country to prevent destruction of habitats or illegal exports of its wildlife doesn't make exports of its fish legal.
This brings me to my final point:
One of the great values of a club like ours is in education. Through wild fish (and fish with a provenance to the wild), I feel like I have a connection to that place. To have a fish that is threatened or endangered in the wild, I hope, makes us want to learn more about the fish, its habitat, etc: WHY the fish is endangered...and what we can do to have an impact.
There is also a great opportunity to educate on collecting techniques and practices that don't adversly impact local populations. I believe that developing local ecotourism businesses is a great way to support local economies and help governments understand that fish hobbyists CAN be a force for positivity (vs. theft, hoarding, habitat destruction, etc.).
Fish clubs can also be great sources of education around building the skills to breed and maintain quality stock over many generations. The more that we can demonstrate that F5 fish are good quality fish, the less that there will be a perceived need to only keep wild or F1 fish.
Sorry to ramble,
Matt