No, it's a scam by some anti-collection organizations and sea shepherd who have decided to start an assault on the hobby by declaring a bunch of corals endangered even though the "scientists" who said so haven't dove once in those areas. They don't want to attack the causes of declining reefs like unsustainable deforestation, wastewater runoff, trawling, destruction of reefs for construction materials and climate changes because those things are hard and don't make them money. To put it bluntly, they realized attacking us can get them donations because they are manipulative low-lives.
It's basically a smear campaign. If you donate to companies that promote animal rights causes like sea shepherd and peta, this is where your money is going. They're making good headway in Hawaii by making up a bunch of stuff and fabricating "science" there too.