AWARD NASD Dispute Resolution In the Matter of the Arbitration Between Claimant Jennifer A. Kelley v. 02-04389 Denver, Colorado Respondents Merrill Lynch Pierce Fenner & Smith and Gregg M. Murray Nature of Dispute: Customer v. Member and Associated Person REPRESENTATION OF PARTIES Jennifer A. Kelley ("Claimant") was represented by Jeffrey M. Villanueva, Esq., of Denver, Colorado. Merrill Lynch Pierce .Fenner & Smith ("Merrill") a