Cataclysm classic. This char. Faldren Tillsdale, the NPC vendor in the Command Center in Old Town. We are supposed to be able to exchange our Valor points for Conquest points. He took the Valor but didn’t give me the Conquest.
I didn’t realize it until I ran to the PVP vendor to buy Conquest gear. I thought maybe I made a mistake, perhaps I bought gear that I didn’t remember so I did it again and sure enough I lost 750 Valor points.
addendum: Random BG isn’t awarding Conquest for wins either.