International derivatives marketplace CME Group has posted a notice of disciplinary action against Kevin Youngers, a retail trader located in the United States.

Pursuant to an offer of settlement Kevin Youngers neither admitted nor denied the rule violation or factual findings upon which the penalty is based.

A Panel of the Chicago Mercantile Exchange (CME) Business Conduct Committee found that at the close of business on trade date January 28, 2026, Youngers held a long net futures equivalent position of 332.7 January 2026 Feeder Cattle futures contracts. This position was 32.7 contracts (10.9%) over the spot month position limit for January 2026 Feeder Cattle futures. On trade date January 29, 2026, Youngers liquidated the overage to bring his position into compliance, which resulted in a profit of $20,350.

The Panel concluded that as a result of the foregoing, Youngers violated CME Rule 562.

In accordance with the settlement offer, the Panel ordered Youngers to pay a $15,000 fine and to disgorge $20,350 in profits.

The effective date of the disciplinary notice is May 14, 2026.