The settled record links four repeat-incident offices to approximately 2,952 of 8,500 affected individuals. Its wider lesson concerns how a national brokerage enforced controls across a member-owned network.
The SEC says 112 of 116 affected accounts were not identified to TAG’s surprise-exam accountant, while a written identity-theft programme went years without internal review.
The settlement covers 112 accounts omitted from surprise examinations and four LLC clients with privately offered securities; the $129 million figure is assets under management.