I am no expert, but it does bear a resemblance to the reversed "Life Rune," Algiz, also sometimes referred to as the "Elk Rune." From the "Proto Germanic" alphabet used in Northern Europe.
Some definitions:
Protection, a shield. The protective urge to shelter oneself or others. Defense, warding off of evil, shield, guardian. Connection with the gods, awakening, higher life. It can be used to channel energies appropriately. Follow your instincts. Keep hold of success or maintain a position won or earned. Algiz Reversed: or Merkstave: Hidden danger, consumption by divine forces, loss of divine link. Taboo, warning, turning away, that which repels.
Also, in its reversed state, it was used by the Waffen SS as a "death rune" on headstones of soldiers.
These runes are ancient, but their roots in northern European culture have caused them to be taken up as part of the symbology of certain subsets of the White Racialist movement. Details here:
http://www.adl.org/hate_symbols/grou...l_alliance.asp