"When (a futures commission merchant's) financial risk controls are so lacking that they do virtually nothing to prevent an unchecked customer from taking grossly excessive trading risks as happened here, a harmful domino effect of financially dangerous consequences can follow, affecting not only the FCM but also potentially other customers and the market at large, " said David Meister, the CFTC's enforcement director.
Of course, details about the devices are lacking, which means we now have not one but four "upcoming" smart watches, and absolutely nothing is known about any of them.