DALLAS — UBS Securities will repurchase up to $200 million of auction-rate securities from investors across the country not covered in investment bank’s initial agreement with state and federal regulators, according to the Texas State Securities Board.

The consent order announced Thursday concludes a national settlement with UBS over its sale of auction-rate securities before the ARS market collapsed in 2008. Regulators accused the firms of misrepresenting the debt as safe and liquid alternatives to cash.

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