An intramedullary nail has a scalloped compression slot so as to define a plurality of pockets and intersections between the pockets that are narrower than the pockets. Accordingly a compression member can be inserted into a bone segment of a fractured bone and into the slot. The compression member can be wider than the intersections. A compression actuator can apply a force against the compression member that causes the compression member to translate across the intersections from pocket to pocket until the fracture has been approximated. Because the compression member is wider than the intersections the compression slot retains the compression member and prevents distraction of the fracture.