WASHINGTON (AP) _ Six current and former executives of First Investors Corp. have agreed to temporary suspensions to settle charges of improperly managing sales personnel for two high-yield bond mutual funds.

The settlement, announced Wednesday by the Securities and Exchange Commission, paved the way for a $7.5 million settlement of state allegations earlier this year that First Investors misled investors into buying high-risk junk-bond funds.

First Investors and the officers did not admit any wrongdoing.

The settlement money will be added to a $20 million restitution fund that First Investors created last year in an agreement with the SEC.

Regulators accused First Investors of using aggressive sales tactics in the 1980s to misled unsophisticated investors about the risks involved in the funds.