If tippees trade on the information, knowing it was given improperly, they, too, can be found guilty of insider trading, says attorney Jared Kopel

In daylight, she — it — appears less human, its lips raised scars, its eyes switch-bladed slits.

(We have not used quotation marks in this paragraph because that from which it is basically copied is in an unpublished decision of Division 7; we give credit only to avoid any claim of Bidenism.)

This is fully and quickly intelligible, but what it says is that the process of turning out to be a friend began, not with a set of properties that inconclusively indicated friendhood, but with a set that in fact inconclusively indicated unfriendliness.