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Report: FBI serves search warrant on Sen. Richard Burr amid stock sale investigation

On Wednesday, federal agents seized a cellphone belonging to Sen. Richard Burr (R-N.C.) as part of the Justice Department's investigation into stock trades Burr made in the early days of the coronavirus pandemic, a law enforcement official told the Los Angeles Times.

The agents served a search warrant on Burr at his home in the Washington, D.C., area, the official said. Burr is chairman of the Senate Intelligence Committee, and on Feb. 13, during a time when he was receiving daily briefings from health officials on the coronavirus outbreak, he sold a hefty percentage of his stock portfolio in 33 separate transactions. One week later, the stock market took a dive. Members of Congress are prohibited from trading on insider information collected as part of their work.