At an industry conference held in March 2014, Jane Jarcho, National Associate Director of the Investment Adviser/ Investment Company Examination Program in the Office of Compliance Inspections and Examinations, stated that the SEC will conduct a national sweep examination of retail alternative funds beginning in 2014. Ms. Jarcho indicated that the sweep examination is intended to gather information for the Division of Investment Management and the SEC commissioners and could potentially lead to guidance regarding alternative funds. Ms. Jarcho stated that the initial examinations will cover 15-20 fund complexes and will focus mainly on liquidity, leverage, compliance and board oversight of alternative funds.