An LED driver circuit is disclosed. The top of a string of series connected LED segments is connected to the output of a rectifier, which in turn is connected to an AC source. The string is tapped at various locations, including the bottom of the string. Each segment can consists of any number of serial or parallel connected LEDs. Current control elements or regulators sink current at each tap and are sequentially turned on and off one at a time, tracking the rectified sine wave voltage. Voltage across each regulator and current when conducting is individually controllable. The regulators may control current in a multitude of ways, including a constant current, or a current dependent on voltage across the regulators including a resistor, or a combination. The driver is self-commutating, with the sequencing of the current control elements an inherent feature closely integrated with the current control elements and providing optimal performance over variable operating conditions.