Taurus 700 series (TCP 738 and 709 Slim) pistols are notorious for FTE issues after 300 rounds. Independent shooters are finding that weak recoil springs are the culprit, causing the semi-auto action to move too fast, causing the extractor to rip the rim of the case. The brass stays in the chamber causing a serious jam up.
I own a Taurus TCP and love it. I did begin to experience several FTEs after about 500 rounds. I found that Remington UMC extract 100% reliably, while WWB FTEs every three rounds. I am eagerly awaiting an aftermarket replacement recoil spring assembly, and a confident with UMC ammunition in the meantime.
The TCP is comfortable, and surprisingly accurate. It, unlike the LCP and P3AT, comes with an extra magazine and a carrying case. Once you figure out what ammo yours likes, and practice with it, you will find it to be a more than sufficient BUG or primary pocket pistol.
Oh yeah, it is made in America too!