Hampton Creek is facing SEC scrutiny for buying some of its own product

US regulators are looking into whether startup food company Hampton Creek violated the law by buying its own "Just Mayo" product, Bloomberg reported on Thursday.The SEC's inquiry was prompted by concerns that the purchases could have had an impact on the company's bottom line.As Bloomberg's Matt Robinson and Olivia Zaleski noted, the federal agency wants to know whether Hampton Creek "improperly recognized revenue from purchases made with company money."CEO Josh Tetrick rejected the suggestion earlier this month, saying the purchases "had no impact at all" on sales.The purchases reportedly began in early 2014, about eight months before Hampton Creek closed a $90 million round of venture-capital financing.Were aware of the informal inquiry, and well be sharing the facts, as opposed to the inaccuracies reported by Bloomberg, Tetricksaid in a statement.Read the full story on Bloomberg hereJoin the conversation about this storyNOW WATCH: Elon Musk just unveiled Tesla's 'top secret' master plan ' here are the details
Click here to read full news..