LA Times: FBI serves warrant on Richard Burr in stocks sell-off probe

• The Department of Justice began an inquiry into Burr's stock transactions in late March in coordination with the Securities and Exchange Commission.
• His brother-in-law, Gerald Fauth, dumped up to $280,000 in shares on the same day as the senator, according to documents published by ProPublica reported on Wednesday.

Flashback: Reuters reported on Feb. 27 that Burr had been receiving daily updates from the intelligence community about the outbreak in his role as Senate Intelligence Committee chairman.

• NPR reported later that Burr told a private luncheon of constituents that day the coronavirus is "much more aggressive in its transmission than anything that we have seen in recent history."
• He asked the Senate Ethics Committee in March to review his sell-off, saying did so because he "closely followed CNBC's daily health and science reporting out of its Asia bureaus at the time."

"Understanding the assumption many could make in hindsight, however, I spoke this morning with the chairman of the Senate Ethics Committee and asked him to open a complete review of the matter with full transparency."

Of note: In 2012, Burr was one of three senators to oppose a bill that would explicitly bar Congress members and their staff from using non-public information for personal benefit, including stock-trading.

Editor's note: This is article has been updated with new details throughout.