Contact Form: No longer can use special characters

For other noticing that their contact forms are having new problems, here is what I found:

I just updated to WordPress 4.0 and Enfold 2.9.2 and noticed that the special characters that I used the Email Subject field was messing up both the Form Title and the Submit Button Label.

In my case I was using the “less than” special character (“>”) in the Email Subject field. The resulting problem was that both the Form Title and the Submit Button Label would be shortened to just the first word, with the addition of a single quotation mark before the word. So instead of the button label being:

Send it!

the resulting button label was:
‘Send

I tried using the ascii symbol code &#62, and it worked the first time. However, since Enfold (or WordPress) converts this to the actual character, the problem appeared upon saving the page a second time.