Acronis Backup 11.5: File-level Backup Fails with "The file or directory is not a reparse point"

This article applies to:

Symptoms

1. You create a file-level backup plan on a Windows machine.
2. When running the backup plan you see an error message like this:

Failed to back up file or folder 'C:\junc'.
Error occurred while backing up.
Error code: 0x40019
$module = "disk_bundle_vs_43916"
Tag: 0xCE542E14DA203AE2
Error occurred while reading the file.