UBB.threads Forums Uniform & Accessories Miscellaneous German Uniforms 1926 Italian Fascista membership pin?

Hi All, I was just given this pin by my buddy who said it was in the effects from his recently deceased father-in-law. Ths pin reads"

Hi All, I was just given this pin by my buddy who said it was in the effects from his recently deceased father-in-law. Ths pin reads" CONFEDERAZIONE NAZIONALE FASCISTA DELCOMMERCIANTI". he back of the pin reads: "BREV. E DEPOSITATO 20.28 AG 1926". THE BACK OF THE LAPEL PIN READS;" C.PACCAGNINI-MILANO'. The front has dark blue enamel which is perfect. The light blue appears top be paint. The bottom has red, white and green enamel along with the Fascist symbol. The pin may be gold as the color of the metal is different than the lapel device. ANY INFORMATION about what it is and what it might be worth? THANKS for your time and help! Merry Christamas and Happy New Year to all. Peace, Mark

Wish a dear OLD friend were still alive. He was in the march to Rome with Mussolini!