You put it down, wrong team picks it up

[JugglingReferee]

Originally Posted by Texas Aggie

You might want to clarify this statement since the rule in question says, "touches...the ball while in possession of the thrower or being passed to a teammate..."

You might have a T on this play if its the second warning. I had this happen once years ago. You HAVE to prevent the defensive player from coming to get the ball. I always say, "this is NOT your ball; don't touch it."

What is the consequence of not being a preventative official in this case?

Secondly, there is no "second warning". There is one warning only, and then by rule, if it happens again, it is a T.