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.