McIntosh C2300 noise

I’ve recently noticed that there is a buzz in the phono section of my c2300. I bought this used from a dealer and they are are helping me root cause the issue. I thought i’d share here in the mean time. The buzz usually goes up with volume. Not only does the buzz go up with volume - the meters show some gain as well. This happens with no source attached. I moved the C2300 to a different part of the home with no source or amp attached whatsoever - turning up the volume knob jumps the meters.  Is this normal?

https://www.youtube.com/watch?v=vH9hYnTN-iw&feature=youtu.be