These two are two concepts. The fund is bound by the Measures for the Administration of Fund Sales, and its responsibilities and obligations are more about the consignment of brokers. That is, to sell to the right investors; While recommending stocks, the relevant methods of "securities investment consulting business" are applied, and more is investment consulting. You can judge the fundamentals and industry characteristics of a stock, but you can't judge a fund because it is a portfolio.

Employees can't hold stock accounts, and they can't buy them themselves. Your point of view is wrong. Open-end funds are counter purchases and redemptions, and securities practitioners can buy them completely.