The orange warning banner with the padlock was added because there's been a bogus LW update showing up in search results. It's a 75.7 KB .exe & shows up as "Urgent LimeWire update - download & install now". If people download that thing they could end up infected. To try to prevent people from downloading a dangerous file, the warning banner was added to LW's interface.
The padlock symbol doesn't apply to music, movies etc...just to LW updates

Is your LW connected (all green/blue connection bars)? If LW's connected, try the fixes below.

1. In LW go tools > options > searching > basic & check whether the 'show license warning' box is ticked. If it does, untick it > Apply > ok...see if that makes any difference.

2. Problems with the search

3. Delete LW's preferences folder when LW's properly closed. See point 3 here & also point 2 if you've used older versions of LW in the past (there could be a folder in either location).
Fixes for LimeWire
This will change all of your settings within LW's options, you'll have to go back through afterwards & reset things to the way you like them.
Vista users: LimeWire Pref Folder in Vista

If LW's not connected, try the fixes below. If nothing helps, post back with your system details.
If LW Will Not Connect