We generalize fluctuating hydrodynamics to study the effect of fractional time derivatives on the light-scattering spectrum of a suspension in a viscoelastic solvent under an external density gradient. Viscoelasticity introduces additional memory effects into the fluctuating hydrodynamic equations, causing the time scales associated with the mesoscopic variables and those of the microscopic events to be no longer well separated. This situation is taken into account by introducing Caputo's fractional time derivative into the description. The structure factor of the suspension is calculated, and we find that its nonequilibrium correction is an odd function of the frequency. It exhibits a shift towards negative frequencies proportional to the magnitude of the imposed gradient. We consider solvents that are described by Maxwell's or power-law rheological equations of state. The fractional structure factor is compared with the nonfractional one, and it is found that the ratio of the former to the latter may be positive and up to two orders of magnitude for both types of viscoelasticity. This prediction of our model calculation suggests that this relative change might be measurable.