It's just the insignia of the 7th SS-Mountain Division "Prinz Eugen" and the rank of a lieutenant on the other side. A SS-Soldier, not an party functioner of the Nazis.
The 'Othala' rune is still in use in the modern army for a rank of a staff sergeant, NATO code OR-7 and is not dedicated to Nazis despite it's a German rune. The rune genuinely stands for 'wealth.'
But everything can be misused for any purpose.