I don't believe Spybot can lock the "Control Panel" as such, or Display properties, just certain IE options that are referred to as an IE Control panel.
Run regedit and have a look in the following keys for this or similar restrictions:
User Key: [HKEY_CURRENT_USER\Software\Microsoft\Windows\CurrentVersion\Policies\
System]
System Key: [HKEY_LOCAL_MACHINE\Software\Microsoft\Windows\CurrentVersion\Policies\
System]
Name: NoDispSettingsPage
Type: REG_DWORD (DWORD Value)
Value: (0 = disabled, 1 = enabled)
Run regedit and have a look in the following keys for this or similar restrictions:
User Key: [HKEY_CURRENT_USER\Software\Microsoft\Windows\CurrentVersion\Policies\
System]
System Key: [HKEY_LOCAL_MACHINE\Software\Microsoft\Windows\CurrentVersion\Policies\
System]
Name: NoDispSettingsPage
Type: REG_DWORD (DWORD Value)
Value: (0 = disabled, 1 = enabled)