FWIW - It is the same with a standard knob. If the nut holding the hand wheel on backs out, the same thing can happen..... Nothing to do with the specific design of the vindicator style hand wheel.
And in that case, can't you simply push on the knob as you turn it, and still open or close the valve?
Except that it is a two part system instead of a single knob and loosened just enough for one part to slid over the other. If it had been the standard knob I don't think that slight give would have been enough to stop the valve from operating.
Does it work like a regular valve knob (as I said above), where you could push on it to allow you to still open or close the valve?