One of the fasteners covered by the SAIB are MS21042 locknuts. This is a cad plated alloy steel locknut that is not used for new design much anymore due to the cad plating. But when the use of cad plated fasteners was still acceptable, this was probably the most widely used locknut in the US aerospace industry. MS21042 locknuts are also widely used outside of the aircraft industry for race cars, etc. You can readily purchase what appear to be MS21042 locknuts from commercial fastener suppliers at a relatively low cost, but they often come with no certs or traceability. Due to the locknut's wide usage outside of the aircraft industry it's easy to see how non-conforming parts could occasionally end up installed on an aircraft being repaired/serviced. Due to the incredibly large number of these locknuts in service and inventory, this would appear to present a huge problem.
The SAIB describes the problem as being fracture failures in the locknuts due in part to hydrogen embrittlement. The NASM21042 spec requires hydrogen embrittlement relief after plating, so this should only be a problem with locknuts that were not processed correctly. However, the SAIB also recommends checking the prevailing torque of new locknuts at installation to verify there is not excessive interference in the deformed threads of the locking feature that would cause fracture failure in the locknut body. I have personally seen the condition numerous times where the prevailing torque of a few parts in a lot of brand-new conforming MS21043 locknuts was way above the range prescribed in the procurement spec. The problem is worse with smaller thread sizes from 1/4-28 to 6-32. Everywhere I have worked as a design engineer, it is established practice to verify the prevailing torque of deformed thread locknuts (like MS21042) is within spec at each installation. In my own experience, it is common to discard around 5% of brand-new 1/4-28 or 10-32 MS21043 locknuts for excessive prevailing torque, and with brand-new 6-32 MS21043 locknuts the discard rate for excessive running torque is often 25% or more.
Due to the way large batches of deformed thread locknuts are acceptance tested, and the difficulty in controlling the prevailing torque with small thread diameters, there will always be a certain percentage of these new locknuts that have excessive running torque. The best way for the FAA to deal with this issue would be to make sure that all guidelines for design, manufacturing and maintenance require the prevailing torque range of all self-locking threaded fasteners to be published and measured at each installation.
Interesting topic.