It is difficult for Martha to avoid the appearance of not having insider knowledge since she was considered as close friend to the CEO of ImClone itself. Moreover there is a record that she called Waksal the day before she sold her stocks. (although she argued that Waskal was not answering the call) The only thing the she could do is by being completely transparent and act fully cooperative with the investigators.
8. Suggestions for Martha (1/2)
Instead of telling a lie, Martha should have just told the SEC and FBI that shes not completely clueless about what actually happened. She could have said that since she shared the same broker with Waksal, the CEO of ImClone, she knew that something is wrong when Bacanovic notify her that Waksal selling his stocks, and as a normal person who wants to minimize losses. She then decided to sell her stocks just like the CEO of the company itself
8. Suggestions for Martha (2/2)
However, if Martha is really not guilty, what she has done is already on the right track by fighting back the SEC and FBI in order to seek justice.